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Ground leasing covers long-term leases of land for development or operating purposes, where the tenant gains a defined use of the land for a period often extending 999 years in exchange for ground rent. A solicitor drafts and negotiates the lease, secures planning and title conditions, and handles rent review mechanisms, consent regimes, assignments, and potential forfeiture or surrender provisions. They also advise on title freehold interests, rights to assets on the land, and the interaction with lenders and developers during project funding and completion.
The solicitor handles the drafting and negotiation of the ground lease, including rent review provisions, permitted use, repair and insurance covenants, reversionary interests, and consent mechanisms for alterations or sub-letting. They coordinate title checks, ensure registration at HM Land Registry, manage encumbrances, and interface with lenders, developers, and planning authorities to protect long-term development interests.
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