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 6 hour online training course (3 hours a day over 2 days), we’ll explore the typical requirements found in leases relating to property transfers, equipping attendees with the confidence to read leases constructively and deal with the process to ensure a smooth transfer of the property to the purchaser. We’ll also consider how managing agents should approach and enforce compliance with those requirements.
We’ll also consider the position on arrears. If there are service charges which haven’t been settled, what happens to those arrears on any sale, transfer or disposition? Who should be pursued: the outgoing leaseholder or the incoming one? And what procedure can (and should) be followed?
