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TC51 Property Transfer - Implications for Property Managers

A one day training course enabling those involved with property transfers to read leases constructively and deal confidently and safely with the process to ensure a smooth transfer of the property to the purchaser.

What you will get out of it:

  • Locate and interpret the specific Lease Covenants relating to Transfers of Property, identifying the actions required by the relevant parties (e.g. Property Managers, Conveyancers, Leaseholders, etc.).
  • Identify the responsibilities of the Conveyancer – Including the use of LP1 forms over Ad-Hoc information requests, etc.
  • Complete an LP1 document accurately and as completely as is appropriate for the purposes of the transfer.
  • Clarify and avoid the potential pitfalls associated with providing inaccurate information or prejudicial information that has not been requested.
  • Identify the requirements for/compliance with: Licences to assign, Deeds of Covenant, Certificates to satisfy restrictions at the Land Registry, etc. – when and why they may be required.
  • Stock transfer forms and issuing new share certificates (dealing with lost Certificates!).
  • Receipting notices of transfer and / or charge.
  • Ensure all charges due are accounted for and paid to the point of transfer. (This includes any remedial action that may be allowed if an account is not cleared.)
  • Deal appropriately with possible year end deficits/credits as part of the conveyance process.
  • Identify the key elements of effective welcome correspondence to new leaseholders.

Who should attend?

  • Legal staff who need to understand the requirements of the lease in the transfer of property
  • Property managers whose input is required during the property transfer
  • It may also be suitable for any other members of staff who are involved in property transfer and Company Secretary duties



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