More grants/assignments of lease transactions can now be filed online

Lease start date {Field 17 SDLT 1 & Field 19 SDLT 4}

From April 2007 the ‘lease start date’ fields on land transaction returns will accept dates from 1st January 1500 and also allow future dates to be entered. This will allow for the online notification of grants/assignments of lease transactions such as:

• Reversionary leases where the ‘lease start date’ is later than the date it was granted [the ‘effective date of the transaction].
• Assignments of very old leases – prior to 1st January 1900 [allowing dates from 1st January 1500].
• In any case where the ‘lease start date’ is later than the effective date, a future date or prior to 1st January 1900 [from 1st January 1500 onwards].
• Where ‘substantial performance’ has taken place & the ‘lease start date’ is later than the ‘effective date’.