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Can the term of a Legal Charge be dated as an event rather than an exact date - for instance the date of death of the person owing the money.
If so how is the clause specifying the term of the charge worded. I am wanting to alter an existing legal charge on a house to only end at the date of death of my ex-partner who is living in it.
Thank you for this, could you answer one more question about this:
If my ex wants to move, can I transfer the present Legal Charge + variation onto the new property or do I have to draw up a fresh charge?
Thank you. Finally, is there a way I can get hold of the official version of the present Legal Charge as held by the Land Registry. I have mislaid my copy in the move and the solicitor who drew it up has stopped her business.
I will click on the Rate to Finish anyway to close the question but I would appreciate an answer to this so that I can see what needs change.
Thanks for your help. Is there a simple template online for drafting a new legal charge.
If I make up one using the template, of course I will ask legal advice before going forward with it, but writing it from a template should reduce the overall cost of the process.