OFSI

Practice guide updates: PG56, PG19 and PG25

Rentcharges (PG56)

Page summary:
Guidance on a variety of points which commonly arise in rentcharge applications, including formal apportionment and redemption (practice guide 56).

Change made:
As a result of customer feedback, we have added a paragraph to section 4 about our long-standing practice on informal apportionments and exonerations.

Time updated:
6:00am, 26 February 2024

Notices, restrictions and protection of third-party interests (PG19)

Page summary:
How to apply for a notice or restriction to protect a third-party interest in an estate (practice guide 19).

Change made:
Sections 3.1.5.8 and 3.1.6.8 have been amended to include our practice on compliance with company anti-fraud restrictions.

Time updated:
6:00am, 26 February 2024

Leases: when to register (PG25)

Page summary:
Advice for conveyancers which deals with the compulsory and voluntary registration aspects of leasehold estates in land (practice guide 25).

Change made:
Section 4.1 has been amended to improve clarity on leases granted for a term of seven years or less or where the unexpired term is for seven years or less.

Time updated:
6:00am, 26 February 2024

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