A Register of Charges records all duties, burdens, obligations or liens on your property. It is essential to maintain an up-to-date Register of Charges to ensure that you keep track of what claims (i.e. charges) have been created against your property.

Use this Register of Charges if:

• You wish to purchase a property: check the register of charges relating to the property to ensure that there are no existing charges or encumbrances that could affect your ownership or use of the property.

• You wish to sell a property: ensure that all existing charges and encumbrances are recorded in the register of charges relating to the property to provide transparency to potential buyers.

• You are refinancing a property: check the register of charges relating to the property to ensure that the lender has a valid and enforceable charge over the property.

• You are developing a property: ensure that any charges or encumbrances on the property are recorded in the register of charges relating to the property to provide transparency to potential investors or lenders.

What does the Register of Charges cover?

The Register contains details of the charges, including:

• Type of Charge: the type of charge created, such as a mortgage, lien, lease, etc.

• Charge Holder: the name and details of the person or entity holding the charge.

• Date of Registration: the date on which the charge was registered.

• Amount of Charge: the amount of money that is secured by the charge.

• Date of Discharge: the date on which the charge was discharged.

What are the benefits of having a Register of Charges?

• It provides transparency and clarity about ownership and encumbrances on a property.

• It helps to prevent fraud and protect the interests of property owners, lenders, and other stakeholders.

• It can help potential buyers or lenders to identify any existing charges on a property before making a purchase or granting a loan.

Further information

• What To Do After Registering Your Company