Legal charge

Legal charge

Posted by Alan_Riley on Mon, 31/03/2008 - 23:14 in

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 created.

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

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