Association of Residential Managing Agents

Members' Area

TC51: PROPERTY TRANSFERS – IMPLICATIONS FOR PROPERTY MANAGERS

MANCHESTER - M3 2EQ

Date: 28/03/19

Duration: 7 hours

Start Time: 09:30

End Time: 05:00

Price for Members of ARMA: £195.00+VAT

Price for Non-member: £270.00+VAT

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Description

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.


Content

What the course covers: 

• 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 LPE1 and LPE2 forms over ad hoc information requests, etc.

• Complete an LPE1 and LPE2 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. 


Audience

• 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. 

• This course would also be suitable for those in lettings moving into residential leasehold management.