Deed of Covenant (Flying Freehold)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
🏚️ Deed of covenantBusiness activity
Protect flying freeholdA deed of covenant is a type of agreement that is used to make certain promises between two parties. The agreement is typically made in order to ensure that one party will do something, or refrain from doing something, that is required by the other party. The agreement is legally binding and can be enforced by the courts if necessary.
This legal template typically includes details about the properties involved, such as their addresses, owners' names, and relevant land registration information. It also clarifies the extent of the flying freehold and defines the specific areas or parts of the properties affected by it.
The Deed of Covenant sets out various provisions that aim to protect the rights of both property owners and ensure harmonious coexistence. It may address concerns related to maintenance responsibilities, access rights, shared utilities, potential alterations or developments, and any other relevant issues. This document aims to establish a clear understanding between the owners, minimizing the potential for future disputes or disagreements.
Additionally, the template may include clauses pertaining to indemnification, where each party agrees to indemnify the other for any loss or damage arising out of the flying freehold. It may also outline dispute resolution mechanisms, specifying whether mediation, arbitration, or litigation will be the preferred method for resolving disputes.
Overall, a Deed of Covenant (Flying Freehold) template serves as a legal agreement between adjacent property owners, formally acknowledging the existence of the flying freehold and providing a framework for managing associated rights and responsibilities. Compliance with this deed is crucial to maintain a peaceful and organized cohabitation within properties affected by flying freeholds in the United Kingdom.
How it works
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
Similar legal templates
Site Manager Contract
This Site Manager contract template is designed for a commercial site management organisation (or an individual site manager) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of site management and site-management-related services to be completed by the site manager on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the site management firm or individual site manager on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
Publisher
Genie AIJurisdiction
England and WalesStandard Application Notice to Court (Company Administration)
Company administration is a legal process that involves appointing an insolvency practitioner to take control of a financially troubled company's affairs. By submitting this Standard Application Notice to Court, the company seeks to gain court approval to enter administration, which is aimed at protecting the interests of the company's creditors and stakeholders while exploring options for possible recovery or restructuring.
The template typically includes crucial details such as the name and address of the company, a summary of the company's financial position, the reasons for seeking administration, and the proposed administrator's information. It may also outline any potential adverse effects that could arise from delaying or denying the administration request, emphasizing the urgency of court intervention.
This legal document plays a vital role in initiating the company administration process within the confines of UK law. It ensures that all necessary information is provided to the court, helping to establish a transparent and fair process for all parties involved.
