This course is designed to help residential leasehold property managers handle the sale of a flat confidently and correctly at every stage. Leasehold flats change hands regularly, and each sale brings legal requirements, risks and opportunities for the managing agent. Inaccurate replies to sales enquiries can expose agents and their clients to claims for damages, while confusion over who is liable for unpaid service charges and ground rent often leaves arrears unrecovered once the new leaseholder has their feet under the table. This course brings together the practical procedures and the underlying law, so you know what to do, why you are doing it, and how to protect your clients’ service charge accounts when a leaseholder sells.
Cassandra Zanelli
What You'll Learn
- How to reply to pre-sale enquiries (including LPE1 and LPE2) accurately, and the risks to the agent of misleading or speculative replies
- Setting fees, timescales, payment terms and disclaimers for sales enquiries
- Dealing with consent to assign, including conditions attached to consent
- Deeds of covenant: what they are and who should provide the form of deed
- Notices of transfer and charge, and what to check before you receipt them
- Restrictions on title: their purpose and how to deal with requests for certificates
- Stock transfer issues for RMCs, including share certificates, lost certificate indemnities and updating the register of members
- Privity of contract and privity of estate, and how the Landlord and Tenant (Covenants) Act 1995 treats “old” and “new” tenancies
- Who is liable for arrears after assignment: the outgoing or the incoming leaseholder
- How the right of forfeiture applies to the current leaseholder, whoever caused the arrears
- Handling year-end deficits that arise after a sale
- Practical steps to make sure arrears are cleared on completion
Who Should Attend?
- Residential leasehold property managers who deal with flat sales and arrears
- Assistant property managers and administrators who prepare replies to enquiries, receipt notices and handle RMC share transfers
- Senior managers responsible for sales procedures and credit control
Delivery Format
Online: One half-day session (3 hours)
Level / Qualification Mapping
General Level:
Beginner / Intermediate / Refresher
TPI Qualification Mapping:
The contents of the course are not specific to any learning outcomes in the Qualification levels, but would be useful to anyone on either the level 3 or level 4 pathway.
Fees
| Membership level | Price |
|---|---|
| Members | £60.00 |
| Non Members | £100.00 |