Securely transfer your lease obligations with expert legal guidance. Our specialist solicitors manage the entire process for both residential and commercial clients, from obtaining landlord's consent to final registration.
Whether you are selling a leasehold flat or assigning a complex commercial lease, our expertise covers the full spectrum of property law, ensuring a smooth and legally compliant transfer.
Stress-free legal support for selling or transferring your leasehold home.
Commercially-astute legal advice for assigning your business lease.
We start by meticulously reviewing your existing lease to confirm the transfer requirements, known as 'alienation' clauses.
We formally apply to the landlord or managing agent for the 'Licence to Assign', providing all necessary references and documentation.
We draft the Deed of Assignment (for commercial) or TR1 Form (for residential) and negotiate any required Authorised Guarantee Agreement (AGA).
We manage the completion of the transfer and register the new owner's details with the Land Registry, finalising the process.
A landlord cannot unreasonably withhold consent for a lease transfer (sale), but they can refuse if the buyer does not meet the criteria set out in the lease. We manage this consent process to ensure it is handled smoothly.
The LPE1 is a standard form used to collect essential information from the landlord or managing agent about the property, including service charges, ground rent, and any planned major works. It is a critical part of the buyer's due diligence.
Typically, the seller (the outgoing leaseholder) is responsible for paying the landlord's administrative and legal fees for processing the application and providing the LPE1 information.
A residential lease transfer usually takes longer than a freehold sale, often between 12 to 20 weeks. This is because it is dependent on the speed of the landlord or managing agent in providing the necessary information and consent.
A Licence to Assign is the formal legal document from the landlord that grants the tenant permission to transfer (assign) the lease to a new tenant. It will contain conditions that all parties must adhere to.
An AGA is a document that a landlord may require the outgoing tenant to sign. It means that if the *new* tenant fails to pay the rent or breaches the lease, the landlord can pursue the *original* tenant. Negotiating this is a key part of our service.
A landlord can usually only refuse consent on reasonable grounds. This typically relates to the financial standing of the proposed new tenant or their ability to comply with the lease covenants. We can advise on whether a landlord's refusal is reasonable.
This depends entirely on the terms of your lease. Most leases will permit subletting of part of the property, but only with the landlord's formal consent and subject to strict conditions. We can review your lease and advise on the correct procedure.
Whether residential or commercial, a lease transfer requires expert handling. Let our specialist solicitors protect your interests.
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info@wildings-solicitors.co.uk
862-864 Washwood Heath Rd, Ward End, Birmingham, B8 2NG
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Wildings Solicitors are authorised and regulated by the Solicitors Regulation Authority (no. 552128). Wildings Solicitors is a trading name of Wildings Solicitors LLP, a limited liability partnership registered in England and Wales. Registration Number OC360274 registered office 862-864 Washwood Heath Road, Ward End, Birmingham, B8 2NG. A list of Directors is available from the registered offices. We do not accept service by email.
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