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Condo Deed

Condo Deed Template for England and Wales

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Key Requirements PROMPT example:

Condo Deed

"I need a Condo Deed for a newly built luxury apartment in central London, with specific provisions for a rooftop garden and concierge service, where the lease term will commence on 1 March 2025 and run for 999 years."

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Document background
A Condo Deed is essential when transferring or establishing leasehold ownership of residential units in multi-occupancy buildings in England and Wales. This document is particularly relevant for new developments, property transfers, and lease renewals. The deed comprehensively outlines the rights and responsibilities of all parties, including maintenance obligations, financial commitments, and usage restrictions. It serves as the primary reference document for resolving disputes and understanding obligations throughout the lease term.
Suggested Sections

1. Parties: Details of the landlord/freeholder and tenant/leaseholder

2. Background: Brief description of the property and transaction context

3. Definitions: Key terms used throughout the deed

4. Demise: The grant of the lease and description of the property

5. Term: Length of the lease and commencement date

6. Ground Rent: Amount and payment terms of ground rent

7. Service Charges: Obligations for payment of service charges and maintenance

8. Tenant Covenants: Tenant's obligations under the lease

9. Landlord Covenants: Landlord's obligations under the lease

Optional Sections

1. Insurance Provisions: Detailed insurance requirements when specific arrangements need to be specified

2. Management Company Provisions: Rights and obligations of management company when a separate management company is involved

3. Right to Manage: Provisions for tenant management when tenants have or may acquire right to manage

Suggested Schedules

1. Property Plan: Detailed plan showing the property and common parts

2. Rights Granted: Specific rights granted to the tenant

3. Rights Reserved: Rights reserved to the landlord

4. Service Charge Schedule: Detailed breakdown of service charge items and calculations

5. Regulations: Building regulations and rules for occupiers

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions









































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Relevant Industries
Relevant Teams
Relevant Roles
Industries

Law of Property Act 1925: Fundamental legislation that defines legal estates and interests in land, and sets out requirements for legal documents relating to property

Landlord and Tenant Act 1985: Key legislation that implies certain covenants about repair and maintenance, and sets out service charge requirements and consultation obligations

Commonhold and Leasehold Reform Act 2002: Provides the framework for commonhold ownership and sets out leaseholder rights and obligations

Housing Act 1988: Contains provisions relevant for residential tenancies and their regulation

Land Registration Act 2002: Specifies requirements for registration of title and prescribed forms and requirements for property registration

Building Safety Act 2022: Recent legislation affecting high-rise residential buildings, including safety obligations and requirements

Leasehold Reform, Housing and Urban Development Act 1993: Establishes right to extend lease and collective enfranchisement rights for leaseholders

Service Charges (Consultation Requirements) Regulations 2003: Details consultation requirements for major works in leasehold properties

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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