This is a document that you, the purchaser, will sign to say that you agree with and will abide by the terms of the lease. It is a legally binding agreement that states that one person will pay the other an agreed amount – to pay ground rent and service charges – and will also agree to observe any restrictions that the lease may contain.

Your lawyer will prepare this for you but the Landlord / Management Company may charge a fee for updating their records. Your lawyer will pass this fee directly to you.