SCHEDULES

SCHEDULE 2Conveyance of Freehold and Grant of Lease

PART IIConveyance of Freehold

General

7The conveyance shall not exclude or restrict the all estate clause implied under section 63 of the [1925 c. 20.] Law of Property Act 1925, unless the tenant consents or the exclusion or restriction is made for the purpose of preserving or recognising any existing interest of the landlord in tenant's incumbrances or any existing right or interest of any other person.

8The conveyance shall be of an estate in fee simple absolute subject to—

(a)tenant's incumbrances; and

(b)the burdens specified in paragraph 9 below ;

but otherwise free of incumbrances.

9The burdens referred to in paragraph 8 above are burdens in respect of the upkeep or regulation for the benefit of any locality of any land, building, structure, works, ways or watercourse.

Covenants

10The conveyance shall be expressed to be made by the landlord as beneficial owner (thereby implying the covenant set out in Part I of Schedule 2 to the [1925 c. 20.] Law of Property Act 1925).