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Insurance Premium Contribution Details
Summary
The term relevant proportion refers to the percentage share of costs or responsibilities for each proprietor as defined in the deed. The words following relevant proportion in the clause provide context but do not alter its meaning. For flat owners, the contribution is typically 1.6% of the insurance premium as per the certificate. Consult a solicitor or property manager for confirmation.Full Conversation
do you take pdf ?
I can’t process or read PDFs directly. However, if you copy and paste the text or summarize the content here, I can help with legal information or guidance based on it. Let me know!
uk deeds intreprtation ?
Deed interpretation in the UK, including Scotland, depends on the specific wording and surrounding circumstances. The courts generally aim to determine the intention of the parties when the deed was executed.
If you have a specific question about a deed, you can share the relevant text or key details, and I’ll provide general guidance.
If you have a specific question about a deed, you can share the relevant text or key details, and I’ll provide general guidance.
how mych insurance should i pay ??? this is the clause
Case Rating: *
Insurance payment amounts depend on the terms of the deed, the specific clause, and the context. Could you please share the exact clause or its key details? This will help me give you more relevant general information.
Insurance payment amounts depend on the terms of the deed, the specific clause, and the context. Could you please share the exact clause or its key details? This will help me give you more relevant general information.
each Proprietor shall be bound to contribute the Relevant Proportion of the premium in accordance
with the insurance company's Certificate and in relationship to the premium rate applicable and the sum insured
applicable to each Flat and Retail Unit respectively or percentage rate and all sums recovered from the
insurance company in respect of any loss or damage shall be held by the Proprietors in their joint names in trust
for them and shall be applied to the reinstatement of the damage to or rebuilding of the Building and the
Proprietors of each Flat and Retail Unit shall be entitled to have the said Policy or Policies of Insurance
endorsed so far as regards each Flat and Retail Unit owned by him in favour of any interested heritable creditor
primo loco and the said Proprietor in reversion
Case Rating: *
The clause states that each proprietor must pay their share of the insurance premium based on:
- The premium rate set by the insurer.
- The insured value of each flat or retail unit.
- The percentage rate or sum insured applicable to each unit.
You should review the insurance company's certificate for these specific details. You may need to consult with the property factor or manager to confirm your exact contribution.
The clause states that each proprietor must pay their share of the insurance premium based on:
- The premium rate set by the insurer.
- The insured value of each flat or retail unit.
- The percentage rate or sum insured applicable to each unit.
You should review the insurance company's certificate for these specific details. You may need to consult with the property factor or manager to confirm your exact contribution.
there is a capitalised term there.... Relevant Proportion
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"Relevant Proportion" likely means each proprietor's share of responsibility or payment, but its exact definition should be in the deed or related documents. Check for a definitions section in the deed. If it’s unclear, consulting a solicitor experienced in property law would help.
"Relevant Proportion" likely means each proprietor's share of responsibility or payment, but its exact definition should be in the deed or related documents. Check for a definitions section in the deed. If it’s unclear, consulting a solicitor experienced in property law would help.
*.*
The Main Common Parts subject to the rights reserved in favour of the Substation Proprietor shall be owned by
the Proprietors as their common property in the following proportions (each expressed as a percentage):
Relevant Property Relevant Proportion
North Retail Unit *.*%
South Retail Unit *.*%
Each Flat *.*%
Case Rating: *
Based on the provided clause, the "Relevant Proportion" determines each proprietor's share of costs, including insurance premiums, based on the stated percentages:
- North Retail Unit: *.*%
- South Retail Unit: *.*%
- Each Flat: *.*%
You would calculate your share of the premium using these percentages. Let me know if you need further clarification.
Based on the provided clause, the "Relevant Proportion" determines each proprietor's share of costs, including insurance premiums, based on the stated percentages:
- North Retail Unit: *.*%
- South Retail Unit: *.*%
- Each Flat: *.*%
You would calculate your share of the premium using these percentages. Let me know if you need further clarification.
is the capitalised term Relevant Proporion deleted or modified or displaced in the text that i gave you ?
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The capitalised term "Relevant Proportion" is not deleted, modified, or displaced in the text you provided. It appears consistently and retains its meaning as defined, referencing the percentage shares of ownership or cost allocation. Let me know if further clarification is needed.
The capitalised term "Relevant Proportion" is not deleted, modified, or displaced in the text you provided. It appears consistently and retains its meaning as defined, referencing the percentage shares of ownership or cost allocation. Let me know if further clarification is needed.
each Proprietor shall be bound to contribute the Relevant Proportion of the premium in accordance with the insurance company's Certificate and in relationship to the premium rate applicable and the sum insured applicable to each Flat and Retail Unit respectively or percentage rate,..... do the words after the capitalised defined term Relevant Proportion.... alter it, modify it , displace it , cancel it ?
Case Rating: *
The words following "Relevant Proportion" do not alter, modify, displace, or cancel its meaning. They provide further context and specify how the Relevant Proportion applies (e.g., based on the premium rate, sum insured, and other factors). The term itself remains intact and valid as defined.
The words following "Relevant Proportion" do not alter, modify, displace, or cancel its meaning. They provide further context and specify how the Relevant Proportion applies (e.g., based on the premium rate, sum insured, and other factors). The term itself remains intact and valid as defined.
so i should pay *.*% of what the certificate mentions
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Yes, based on the clause and definition provided, if you own a flat, you would generally pay *.*% of the insurance premium mentioned in the certificate. Confirm this with the property manager or solicitor to avoid errors.
Yes, based on the clause and definition provided, if you own a flat, you would generally pay *.*% of the insurance premium mentioned in the certificate. Confirm this with the property manager or solicitor to avoid errors.
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