Association of Residential Managing Agents

Members' Area

TC103: Property Transfers – Implications for Property Managers


As you are aware, we are all in unprecedented times. We know that the COVID-19 Pandemic will have an impact on people and companies on an unparalleled scale and exactly how it will unfold is still uncertain.

Recently imposed restrictions to daily life have forced us to quickly adopt different ways of working, learning and connecting with each other.

We know that social distancing measures will be in place for the foreseeable future and during this time ARMA has adapted its classroom training courses and will now offer them as live online training.

We are aware during these difficult times that training courses will need to be run to suit our members needs and rather than running a full-day course over one full-day we are running these over consecutive days to allow you to plan your day accordingly around this. Full details of the dates and times are provided on each course by selecting READ MORE/BOOK.

We are able to offer block bookings to members at a further discounted rate and also provide online in-house training courses for your staff. Please also contact us directly for further information on this:



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The reason for this is that it will help you avoid any connection issues for you prior to joining our training course. If this is not undertaken until the course commences you may experience technical issues which we may not be able to resolve for you once the training course has commenced.


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Online 17-18 Nov 6-hrs (3 hours each day)

Date: 17/11/22 - 18/11/22

Duration: Online 17-18 Nov 6-hrs (3 hours each day)

Start Time: 9:30

End Time: 12:30

Price for Members of ARMA: £100

Price for Non-member: £175

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Leasehold properties change hands on a regular basis. During the life of a lease, the leasehold
interest is likely to be sold, transferred or otherwise disposed of. And the lease will set out the
requirements that outgoing (and incoming) lessees need to adhere to.


In this course, we’ll cover:
• Identifying the responsibilities of the conveyancer
• Locating and interpreting the specific lease covenants relating to transfers of property,
identifying the actions required by the relevant parties (e.g. property managers,
conveyancers, leaseholders, etc.), including identifying the requirements for/compliance
o Licences to assign
o Deeds of Covenant
o Certificates to satisfy restrictions at the Land Registry
• Completing LPE1 and LPE2 documents
• notices of transfer and/or charge
• Stock transfer forms and issuing new share certificates (including dealing with lost
• Ensure all charges due are accounted for and paid to the point of transfer ( including any
remedial action if an account is not cleared)
• Dealing with possible year-end deficits/credits
• Identifying the key elements of effective welcome correspondence to new leaseholders
• RTM companies: what additional steps need to be taken