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             day of                                 2009 a notice of which this is a true copy.

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