TC103: Property Transfers – Implications for Property Managers

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
with:
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
certificates
• 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