Legal charge

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This document contains a form of legal charge for use to enable the securing of sums falling to be paid under a separate agreement between the parties - such as a building agreement or overage agreement. It envisages the creation of a legal charge to secure sums falling due under the separate agreement. To the extent that it may be questionable whether a legal charge can be created because of the uncertain nature of the sums covered by the charge, an equitable charge is also created. The charge contains a request for a standard form restriction to prevent dispositions without the chargee's consent, the precise wording of which will have to be determined. Despite the restriction being in standard form, an application to register it must be made on Form RX1.

For a simple form of legal charge, the Land Registry Form CH1 (attached below) may be used.

Precedent Sub Category: