The Property Standardisation Group

Note to Users: Viewing PSG documents on the website

Please be aware that when viewing the PSG documents on the website before downloading, in some documents some of the numbering is not correctly displayed. This is a “view-only” issue. When you download the document in Word, the formatting is correct. 

Latest Updates

April 2024

The PSG Leases have all been updated to MCL version 1.7. Version 1.7 is a maintenance update, so there are no substantive changes to the styles.

The Note on recent updates to leases has been updated to list all the version 1.7 changes (and notes the version 1.6 changes we have now incorporated).

March 2024

ROE Changes

The Overseas Entities part of the Schedule in the Offers to Sell and the Offer to Grant a Lease have been updated to take account of the new duty on overseas entities to respond to a Section 1092A notice from the Companies Registrar. Failure to respond to such a notice satisfactorily will mean the overseas entity is treated as unregistered. The Guidance Notes for the Offers to Sell have also been updated in light of this new duty.

We have also added a new version of the Guidance Note for Register of Overseas Entities in light of the new duty, and to update the rest of the text where appropriate.

See our March Blog post for further details.

Residential Dispositions

We have created new versions of each of the Residential Dispositions creating title conditions to add the standard clause referring to Lands Tribunal applications.

February 2024

We have added a new version of the Letter of Consent to Sublease, providing options depending on whether or not the Landlord is to approve the terms of the sublease. The Guidance Notes have also been updated.

A new version of the Offer to Sell Investment Property has been added to the website, to provide additional wording to cover the alternative arrears clauses.

January 2024

We have made some corrections to some of the cross references in the Community Right to Buy and Capital Allowances Parts of the Schedule in the Offers to Sell. Due to the minor nature of the changes we have not created new versions.

December 2023

We have done some minor tidying up to the Food and Drink leases. Due to the minor nature of the changes we have not created new versions. 

October 2023

Another new addition to our suite of offers – Offer to Enter into a Minute of Variation – has now been added to the website, along with accompanying Guidance Notes.

We have added a new version of the Deed of Servitude, having modernised some definitions and updated the interpretation clause.

September 2023

A new version of the Offer to Grant a Lease has been added, changing the definition of “Rent Deposit” to “Deposit” and adding in references to electronic extracts.

A new addition to our suite of offers – Offer to Accept a Renunciation – has been added to the website, along with accompanying Guidance Notes.

July 2023

A new version of the Offer to Grant a Lease has been added, to incorporate a minor change to the definition of “Rent Free Period”.

A new version of the Renunciation has been added, with an additional clause to flag the VAT position.

June 2023

A new page has been added to the website with the 8th Edition of the Certificate of Title and its accompanying documents and guidance notes.

The 7th Edition page will be maintained on the website for a short period for users who still need to access the previous Edition.

A comparison between the 7th Edition and 8th Edition Certificate has been included to help users to identify the changes easily.

May 2023

The Offer to Sell with Vacant Possession, the Offer to Sell Investment Property and the Optional  Clauses have all been updated, along with their respective Guidance Notes.

Office Leases: the Permitted Use definition has been updated to reflect the new Use Class.

April 2023

All of the PSG Leases have been updated to a new version, along with an updated version of the Guidance Notes.

• All leases: the Repair clause has been amended
• Retail and Food and Drink leases: the Permitted Use definition has been updated to reflect the new Use Class
• Food and Drink leases: the new Use Class has been added to the Additional User Provisions in the Schedule

March 2023

We are currently updating the definition of Permitted Use in the Food & Drink and Retail Leases to take account of changes to the Town & Country Planning Use Classes Order. From 31 March 2023, Classes 1 and 2 will be replaced by a new single Class 1A.

The Additional User Provisions in the Schedule to the Food & Drink Leases will also be amended.

January 2023

Latest updates:

• v13 Deposit Agreement
• v5 Offer to Grant a Lease

December 2022

New versions of the following documents are now live on the website:

• v11 Certificate of Title
• v25 Due Diligence Questionnaire
• v11 DDQ guidance notes
• v24 Offer to Sell VP
• v26 Offer to Sell – Investment
• v9 Rent Review Memorandum

July 2022

Please take note of the following new uploaded content referring to the Register of Overseas Entities:

• Guidance Notes (see under “Overseas Entities” section of the website)
• v4 of offer to grant a lease
• v23 of offer to sell – vacant possession
• v25 off offer to sell – investment
(each offer updated with suggested ROE content)

June 2022

Please take note of the following new uploaded content:

• v1.5 of the MCL suite of leases along with an Explanatory Note and refreshed Guidance Notes
• Fees undertaking with Guidance Notes (see the “Undertakings” page)

If you experience any difficulty in navigating this website or accessing documents, please contact a member of the PSG for assistance.