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Deferred charge on property

  • lisalisa
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10 months 1 week ago #508538 by lisalisa
Deferred charge on property was created by lisalisa
In a [url=Resources/Library/Cohabitation-and-Separation_s33_m1852.html ]separation[/url] agreement, the property was transferred to wife but with a deferred charge to a set value exercisable on events such as remarriage/house sale/18th birthday of youngest child.
Can someone explain what deferred charge actually means please?
Once the money is paid to ex-husband, what (if anything) needs to happen?

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  • WYSPECIAL
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10 months 1 week ago #508541 by WYSPECIAL
Replied by WYSPECIAL on topic Re:Deferred charge on property
It means a sum of money that has to be paid is secured against the property.

Once it has been paid the charge can be removed.

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10 months 1 week ago #508543 by lisalisa
Replied by lisalisa on topic Re:Deferred charge on property
How is the charge removed?

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