Apportionments On Leasehold Property
Did you know that the LEAP completion statement can include leasehold apportionments?
The By Lawyers sale and purchase commentaries show how to include these in the completion statement calculations so that they can be sent both to the client and to the other side.
A new precedent has been drafted ‘Letter to freeholder for insurance, ground rent and service information charge’. This letter requests up to date information which enables completion of the apportionments.
The letter may be found in Sale of land > G. Mid Transaction.
