Deed of Mutual 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.
The legal template "Deed of Mutual Covenant (Flying Freehold) under UK law" is a legally binding agreement between two or more parties involved in a property ownership arrangement known as a "flying freehold" in the United Kingdom.
A flying freehold refers to a unique situation where a portion of one property is built or extends over another property, creating overlapping spaces or shared structures between the two. This can commonly occur in buildings such as apartments or terraced houses.
The purpose of this legal template is to establish specific terms and conditions that govern the relationship and responsibilities of the parties involved in the flying freehold arrangement. It will outline the respective rights, obligations, and restrictions applicable to both the owner of the flying freehold (the building or extension owner) and the owner of the underlying property (the property beneath the flying freehold).
The Deed of Mutual Covenant serves to ensure a harmonious coexistence, as well as the proper maintenance, use, and enjoyment of the shared areas or structures. It may cover various important aspects, such as:
1. Boundaries and Shared Spaces: Clearly defining the boundaries between the flying freehold and the underlying property, as well as identifying and specifying shared spaces, walls, roofs, common entrances or exits, and any other shared facilities or amenities.
2. Maintenance and Repairs: Establishing the responsibilities for repairs, renovations, and maintenance of the shared areas. It may outline how costs will be apportioned, including details on regular contributions to a sinking fund or reserve fund for such purposes.
3. Alterations and Changes: Providing guidelines and procedures for making alterations or modifications to the flying freehold or the shared spaces, including ensuring that adequate permissions or approvals are obtained.
4. Access and Rights of Way: Addressing any rights of access, easements, or rights of way required for maintenance, use, or emergency situations, and clarifying the conditions under which they may be exercised.
5. Dispute Resolution: Prescribing methods for resolving disputes that may arise between the parties, including mediation or arbitration, to prevent the escalation of conflicts and facilitate amicable solutions.
As the legal framework for a flying freehold can be quite complex, this template aims to provide a standard document that can be customized according to the specific needs and circumstances of the individual flying freehold arrangement. It ensures that the rights and obligations of each party are clearly defined and legally enforceable, offering clarity and protection to all involved.
A flying freehold refers to a unique situation where a portion of one property is built or extends over another property, creating overlapping spaces or shared structures between the two. This can commonly occur in buildings such as apartments or terraced houses.
The purpose of this legal template is to establish specific terms and conditions that govern the relationship and responsibilities of the parties involved in the flying freehold arrangement. It will outline the respective rights, obligations, and restrictions applicable to both the owner of the flying freehold (the building or extension owner) and the owner of the underlying property (the property beneath the flying freehold).
The Deed of Mutual Covenant serves to ensure a harmonious coexistence, as well as the proper maintenance, use, and enjoyment of the shared areas or structures. It may cover various important aspects, such as:
1. Boundaries and Shared Spaces: Clearly defining the boundaries between the flying freehold and the underlying property, as well as identifying and specifying shared spaces, walls, roofs, common entrances or exits, and any other shared facilities or amenities.
2. Maintenance and Repairs: Establishing the responsibilities for repairs, renovations, and maintenance of the shared areas. It may outline how costs will be apportioned, including details on regular contributions to a sinking fund or reserve fund for such purposes.
3. Alterations and Changes: Providing guidelines and procedures for making alterations or modifications to the flying freehold or the shared spaces, including ensuring that adequate permissions or approvals are obtained.
4. Access and Rights of Way: Addressing any rights of access, easements, or rights of way required for maintenance, use, or emergency situations, and clarifying the conditions under which they may be exercised.
5. Dispute Resolution: Prescribing methods for resolving disputes that may arise between the parties, including mediation or arbitration, to prevent the escalation of conflicts and facilitate amicable solutions.
As the legal framework for a flying freehold can be quite complex, this template aims to provide a standard document that can be customized according to the specific needs and circumstances of the individual flying freehold arrangement. It ensures that the rights and obligations of each party are clearly defined and legally enforceable, offering clarity and protection to all involved.
How it works
PRODUCT HUNT
#1 Product of the Day
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
See Genie AI in action
Book your personalised demo now
Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue
Similar legal templates
Section 314 Members' Requisition For Circulation Of Statement (Regarding Issues To Review At General Meeting)
Section 314 Members' Requisition for Circulation of Statement (Regarding Issues to Review at General Meeting) is a legal template that outlines the procedure for members of a company to request the circulation of a written statement to all shareholders prior to a general meeting. This template is applicable under UK law and provides a structured format for members to raise specific concerns or propose resolutions that they believe should be discussed and voted upon during the general meeting.
The template typically includes provisions that specify the requirements for making a valid requisition, such as the minimum number of members needed to support the request, the form and content of the proposed statement, and the timeline for submitting the requisition to the company's board of directors.
By utilizing this legal template, members can exercise their rights to communicate their opinions and proposals to all shareholders in advance of the general meeting, thus ensuring that the issues they consider significant are given due consideration. This template promotes transparency, accountability, and shareholder participation in the decision-making process, helping foster a democratic corporate environment. Moreover, it aids in providing clarity to the company's management and stakeholders regarding the concerns or proposals that require deliberation during the upcoming meeting.
It is important to note that this legal template is not a standalone document but rather a framework that must be customized to align with the specific circumstances and requirements of the company. Consulting legal professionals familiar with UK corporate law is highly recommended to ensure compliance and the fulfilment of the shareholders' rights.
The template typically includes provisions that specify the requirements for making a valid requisition, such as the minimum number of members needed to support the request, the form and content of the proposed statement, and the timeline for submitting the requisition to the company's board of directors.
By utilizing this legal template, members can exercise their rights to communicate their opinions and proposals to all shareholders in advance of the general meeting, thus ensuring that the issues they consider significant are given due consideration. This template promotes transparency, accountability, and shareholder participation in the decision-making process, helping foster a democratic corporate environment. Moreover, it aids in providing clarity to the company's management and stakeholders regarding the concerns or proposals that require deliberation during the upcoming meeting.
It is important to note that this legal template is not a standalone document but rather a framework that must be customized to align with the specific circumstances and requirements of the company. Consulting legal professionals familiar with UK corporate law is highly recommended to ensure compliance and the fulfilment of the shareholders' rights.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
10
RATINGS
4
DISCUSSIONS
0
Section 292 Letter To Circulate A Written Resolution Requisitioned By Members (From Private Company To Its Members)
The legal template titled "Section 292 Letter to Circulate a Written Resolution Requisitioned by Members (From Private Company to its Members)" under UK law is a document that guides a private company in complying with the provision under Section 292 of the UK Companies Act 2006. This section of the law addresses situations when members of a company request for a written resolution to be circulated among all members.
The template serves as a communication tool between the company's directors or management and its members. It outlines the necessary information and procedure to follow when circulating a written resolution that has been requisitioned by the members.
The letter template is likely to include details such as the company's name, registration number, and registered address. It may also specify the nature and purpose of the written resolution, which could pertain to important decisions, changes, or approvals required by the company. Additionally, the template would explain the rationale behind the circulation of the resolution and emphasize the importance of member participation and voting.
The document will also indicate the deadline for members to respond, provide instructions on how to cast their vote or express their opinion, and explain the consequences of not responding within the given time frame. It may also mention the possibility of a physical or virtual meeting where members can discuss and address any concerns related to the resolution.
By using this legal template, a private company can ensure compliance with the legal requirements set forth by Section 292 of the UK Companies Act 2006 while effectively communicating and involving its members in important decision-making processes.
The template serves as a communication tool between the company's directors or management and its members. It outlines the necessary information and procedure to follow when circulating a written resolution that has been requisitioned by the members.
The letter template is likely to include details such as the company's name, registration number, and registered address. It may also specify the nature and purpose of the written resolution, which could pertain to important decisions, changes, or approvals required by the company. Additionally, the template would explain the rationale behind the circulation of the resolution and emphasize the importance of member participation and voting.
The document will also indicate the deadline for members to respond, provide instructions on how to cast their vote or express their opinion, and explain the consequences of not responding within the given time frame. It may also mention the possibility of a physical or virtual meeting where members can discuss and address any concerns related to the resolution.
By using this legal template, a private company can ensure compliance with the legal requirements set forth by Section 292 of the UK Companies Act 2006 while effectively communicating and involving its members in important decision-making processes.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
7
RATINGS
3
DISCUSSIONS
1
Notice of Assignment of Contract
The Notice of Assignment of Contract under UK law template is a legally binding document that can be used for notifying parties involved in a contract about the transfer or assignment of rights and obligations from one party to another. This template is specifically designed to comply with the legal requirements of the United Kingdom.
When a party assigns a contract, it means they transfer their rights and benefits, as well as their responsibilities and liabilities, to another individual or entity. This could occur for various reasons, such as a company selling its assets, a change in business structure, or the need to delegate contractual responsibilities to a third party.
The template provides a structured format for officially informing all relevant parties about this assignment. It typically includes details about the original contract, such as its name, effective date, and parties involved. Additionally, it sets out the details of the assignor (the party transferring the contract) and the assignee (the party receiving the contract). The template also outlines the specific rights, obligations, and liabilities being transferred.
The Notice of Assignment of Contract is crucial for maintaining transparency and avoiding any potential disputes or misunderstandings between the parties involved. It acts as an official record of the assignment and may also establish the consent of the contractual parties to the transfer.
It is essential to consult with legal professionals or solicitors when using this template to ensure compliance with UK law and to address any unique circumstances specific to your situation. This template can serve as a starting point for creating a legally comprehensive and accurate Notice of Assignment, tailored to the specific requirements of your contract assignment process under UK law.
When a party assigns a contract, it means they transfer their rights and benefits, as well as their responsibilities and liabilities, to another individual or entity. This could occur for various reasons, such as a company selling its assets, a change in business structure, or the need to delegate contractual responsibilities to a third party.
The template provides a structured format for officially informing all relevant parties about this assignment. It typically includes details about the original contract, such as its name, effective date, and parties involved. Additionally, it sets out the details of the assignor (the party transferring the contract) and the assignee (the party receiving the contract). The template also outlines the specific rights, obligations, and liabilities being transferred.
The Notice of Assignment of Contract is crucial for maintaining transparency and avoiding any potential disputes or misunderstandings between the parties involved. It acts as an official record of the assignment and may also establish the consent of the contractual parties to the transfer.
It is essential to consult with legal professionals or solicitors when using this template to ensure compliance with UK law and to address any unique circumstances specific to your situation. This template can serve as a starting point for creating a legally comprehensive and accurate Notice of Assignment, tailored to the specific requirements of your contract assignment process under UK law.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
6
RATINGS
3
DISCUSSIONS
3
