Leasehold Conveyancing Explained - Requirement to Register the Sale

Most residential leases contain an assignment condition the leaseholder has freedom to sell but the lease requires that the landlord (and/or the agent or property lawyer ) must be notified of the sale usually within 28 days of the sale by the buyer’s conveyancing solicitor. The buyer will also pay the management company/freeholder a fee for registering the Notice of Assignment of the lease. An example Notice of Assignment is set out below.

To: 

Re: 

As demised by a Lease dated . . . . . . . . . . and made between . . . . . . . . . Limited (1) . . . . . . . . . . . . . . (2).   As Solicitors to Mr. . . . we hereby give you notice that by a Transfer dated the . . . . day of . . . . . 2009 and made between . . . . . . . . . . (1) . . . . . . . . . . (2) the above premises were transferred by . . . . . . . . . . . . . to . . . . . . . . . . . for all the residue of the term granted by the said Lease and the rent payable under the said Lease will in future be paid by . . . . . . . . . .

 

Dated this . . . . day of . . . . 2009


Signed …………………………….

Conveyancing Lawyers Ltd
London
Ref:

 


Received this; 2009 a notice of which this is a true copy.


Signed ……………………………
on behalf of . . . . . . . . . . . . . . . . .