If you have any additional questions, contact us.
It takes moments to sign up to the platform. Heads of Terms can be negotiated in real time online – so these can be agreed in minutes. Any documents that are required can be easily uploaded to the platform. Once Heads of Terms have been agreed, the final documents are created in seconds.
Yes. The documents are based on precedents originally commissioned by the British Property Federation which have then been tailored by solicitors with decades of experience to ensure the final documents are accurate, robust and fair to both parties.
A solicitor acting on behalf of a tenant “negotiated” with another solicitor acting on behalf of a landlord. The outcome is a final document that has effectively been negotiated in the marketplace and will be acceptable to all parties.
All documents are stored on a secure server located in the UK and backed up off site on a regular basis. You can of course download them and store them with your other documents.
The final signed documents are sealed with a digital certificate that have LTV time stamps, are legally recognised in the United Kingdom, and are provided for in the Electronic Identification and Trust Services for Electronic Transactions Regulations in 2016, the Electronic Communications Act of 2000, and the Electronic Identification and Trust Services for Electronic Transactions (Amendment etc.) (EU Exit) Regulations 2019 (SI 2019/89). In addition, all documents that are signed and dated are accompanied with an audit trail detailing who did what, when and their IP address (if available).
If a lender has a legal charge registered against the landlord’s title to the property, the landlord should remember to request lender’s consent to the grant of the lease. We intend to integrate a feature to assist with obtaining lender’s consent in future iterations.
Remember, if the landlord’s property is a leasehold property, the landlord’s own lease may require the landlord obtains consent from the freeholder to the grant of the Aqqord lease to the tenant and the landlord should request the consent from the freeholder as early as possible.
If SDLT is payable, Aqqord can make the submission to HMRC based on the agreed Heads of Terms.
The system will calculate the SDLT payable for your approval. You can pay the amount due directly to HMRC via a direct link which Aqqord will supply.
Leases granted for a term of 7 years or less do not need to be registered at Land Registry. Leases granted for longer than 7 years and leases granted more than three months before the lease term begins, are registrable at Land Registry by the tenant. You can register your lease with the Land Registry through the Aqqord platform and pay the amount due directly to Land Registry via a direct link which Aqqord will supply.
No. Aqqord doesn't advise either party and doesn't act as your solicitor. We take the heads of terms you and the other party have agreed and turn them into a lease. If you want advice on whether the terms are right for you, speak to your own solicitor before you commit.
No, because we're not advising either side. Both parties use Aqqord for the same purpose: turning a deal they've already agreed between themselves into a properly drafted lease. We're not arguing one party's corner against the other, so the conflict that comes from advising both sides doesn't arise. And the lease itself is even-handed, drafted on a balanced footing that's fair to both. Both parties accept the same terms and conditions.
Neither. The lease is drafted on a balanced, market-standard footing that's fair to both sides. It's built from the terms you and the other party agreed between you, so it reflects your deal rather than tilting it towards whoever instructed a solicitor first.
Yes. Aqqord Limited is authorised and regulated by the Solicitors Regulation Authority as a licensed body (SRA ID 8008171, company number 11726777), and we hold professional indemnity insurance that meets the SRA's requirements. You can check our entry on the SRA's own website checker. We operate in England and Wales only.