Standard Legal Charge Over Property (Single Lender)
Publisher one
Genie AIJurisdiction
England and WalesRelevant sectors
Type of legal document
⛪ Mortgage agreementBusiness activity
Secure monies owedA mortgage agreement is a contract between a borrower and a lender in which the borrower agrees to use their property as collateral for the loan. The agreement outlines the terms of the loan, including the interest rate, the repayment schedule, and the length of the loan.
The purpose of this legal template is to establish a formal arrangement where the borrower agrees to pledge the property as collateral to secure a loan or credit facility provided by a single lender. The template ensures that the lender, who is usually a financial institution or an individual, has a legally enforceable claim over the property in case the borrower defaults on their loan obligations.
The document covers various aspects related to the charge over the property, including details about the property being charged, the terms of the loan, and the legal rights and responsibilities of both parties involved. It outlines the conditions under which the charge becomes effective, specifies the obligations of the borrower, and provides clarity on the lender's rights in case of default or breach of terms.
Moreover, this legal template is designed to comply with UK law, taking into account relevant statutes, regulations, and legal requirements that govern property charges and lending agreements in the country. Its purpose is to establish a fair and balanced contractual relationship between the borrower and lender, ensuring proper protection of the interests of both parties within the framework of applicable laws.
Ultimately, this template serves as a comprehensive and standardized document that can be used by lenders and borrowers in the United Kingdom as a starting point to draft a legal charge agreement over a property, incorporating specific terms and conditions as required by the unique circumstances of each transaction.
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
Simple Used Equipment B2B Sale Agreement (Pro-Seller)
The template outlines the terms and conditions under which the sale will take place, including the identification and description of the equipment, its condition, and any warranties or guarantees offered by the seller. It also covers the purchase price, payment terms, and any applicable taxes or fees.
The agreement emphasizes the seller's rights and protections, setting out their responsibilities and liabilities to the fullest extent allowed by law. It includes provisions that limit the buyer's recourse in case of defects or disputes, and may contain clauses that exclude certain types of damages or warranties.
Additional clauses within the template may address risk of loss, title transfer, inspection rights, delivery terms, and dispute resolution mechanisms. It ensures compliance with relevant UK laws and regulations governing the sale of used equipment.
Overall, the Simple Used Equipment B2B Sale Agreement (Pro-Seller) template serves as a legally binding contract that provides a clear and comprehensive structure for businesses selling used equipment in the UK, offering protections and advantages primarily to the selling party.
Publisher
Genie AIJurisdiction
England and WalesSocial Media Coordinator Contract
This Social Media Coordinator contract template is designed for a commercial social media management organisation (or an individual social media coordinator) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of social media management and social-media-management-related services to be completed by the social media coordinator 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 social media management firm or individual social media coordinator 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).
