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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What does RP title mean?

Titles listed as RP Rating Pending have been submitted to the ESRB and are awaiting final rating.

What does RP stand for in land?

Survey plan prefixes abbreviations AbbreviationNameDate rangeMPMining Plans (MH, MHLS, MHPL, MHL)19701988RPReal Property Plans18421997SPSurvey Plans1997PresentXXTown Plans184219927 more rows 13 Mar 2018

Can a property be both leasehold and freehold?

Owning a share of freehold If your property is leasehold, you can buy the freehold from the freeholder along with other leaseholders for example, other people living in a block of flats. You can do this if at least half of the leaseholders agree to buy a share.

Can you merge two leasehold titles?

Merger may determine a lease when both the lease and the reversion on that lease become vested in the same person and that person holds both interests in the same capacity. However, merger does not arise automatically when that vesting occurs.

Does a TP1 plan need to be signed?

Any plan lodged must be signed by the transferor.

What is a merger of titles?

Typically, the meaning of a merger of the title refers to forming two or more parcels of property under one title. Usually, the smaller parcel (s) are joined to the property title of the more extensive estate.

What does RP mean on title plan?

The expression the RP means the person for the time being entitled to the reversion immediately expectant on the end of the Term howsoever it ends.

How do you split a leasehold property?

To create the separate title, youll have to obtain Land Registry-compliant plans - because the legal boundaries of the new property etc. will have to be officially recorded - and then your solicitor can create the new leasehold title and register splitting the freehold title with the Land Registry.

Do lenders accept good leasehold title?

Most lenders will accept a good leasehold title provided the buyers solicitor is satisfied as to the landlords title, or there is suitable title insurance in place.

What is the doctrine of merger lease?

Most first year law students are familiar with the doctrine of merger which states that when one entity obtains both a greater and a lesser interest in land to the same piece of real property, the lesser interest merges into the greater interest and is thereby extinguished.

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