We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Charities board update
Please note, our Forum rules no longer allow the posting of links to personal fundraising or crowdfunding pages, such as JustGiving. You can read the full set of our Forum rules here.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Does charity own leasehold or is it a tenant?

aroominyork
aroominyork Posts: 3,513 Forumite
Part of the Furniture 1,000 Posts Name Dropper

I am reviewing for a charity a deed from the 1950s which is headed LAND REGISTRATION ACT 1925. The situation is that there is a body (a registered charity) that exists to support the work of member charities. The Deed contains: 

-          “By a transfer dated [date], the [member charity] Trustees transferred to the [body] the said property known as xxxxxxxxxxxx and the [body] Trustees now hold the said property as Trustees for the [body]”.

-          “The [body] Trustees hereby demise unto the [member charity] Trustees ALL THOSE the land and premises comprised in the title above mentioned TO HOLD the same unto the [member charity] Trustees from the date hereof for a term of nine hundred and ninety nine years PAYING THEREFOR the yearly rent of one shilling in arrear.” 

My question is whether this indicates whether the member charity is leasehold owner of the property or is only a tenant. The member charity has full upkeep responsibilities. 

Comments

  • MyRealNameToo
    MyRealNameToo Posts: 1,839 Forumite
    1,000 Posts Name Dropper
    Have you checked the Land Registry? You can search the address for free and see if there is both a freehold and leasehold record or not.  You could buy the leasehold title for £7 if you are that interested, it will say who the leaseholder is. 

    It sounds like a leasehold but it's a tiny snippet of what is normally a much longer document. 
  • aroominyork
    aroominyork Posts: 3,513 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 8 October at 5:11PM
    It is a snippet from a much longer document.
    Am I right in thinking the seemingly similar terms 'lease' and 'leasehold' can cause confusion, with lease sometimes signifying a tenant, while leasehold always signifies ownership (for the length of the lease)?
    I think what I am asking is whether the member charity transferred only the freehold, or freehold ownership. Does that make sense? When you say "It sounds like a leasehold..." do you mean they transferred freehold ownership and in return received leasehold ownership? 
    It is free to search but not to get an answer.
    image
  • Wicks
    Wicks Posts: 18 Forumite
    Seventh Anniversary 10 Posts Photogenic Name Dropper
    edited 8 October at 5:12PM
    You need the gov.uk site.

    https://www.gov.uk/search-property-information-land-registry 

    Charges as below:

    Before you start

    You’ll need an email address and a debit or credit card to use this service.

    Read guidance on getting information about property and land, including alternative sources of information.

    How much it costs

    It’s free to get a property summary.

    It costs £7 to get a title register or a title plan.

    If you want to buy documents, you’ll need to create an account.

    Official copies cannot be downloaded online - you’ll need to get them sent to you by post. It costs £11 per document.


  • aroominyork
    aroominyork Posts: 3,513 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 8 October at 10:38PM
    Wicks said:

    image
    Thank you, Wicks. So that means the member charity transferred freehold ownership and is a tenant, yes?
    PS  I have come across this among accompanying explanatory papers. "On [date] 1958, the Trustees of [member charity] transferred the freehold of [property address] to the Trustees of the [body] who in return, issued a 999-year lease for [property address] to the Trustees of [member charity]. Stamp duty was paid, and the Lease was signed by both parties. The Lease was issued under title number xxxxxxx by the County of xxxxxxx."

    No need for further comments. I'll go back to my contact to clarify this and other ambiguities.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.9K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.1K Spending & Discounts
  • 245K Work, Benefits & Business
  • 600.5K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.