Proprty 8

Question 0

Assigning Lease

Answer 0

Check whether new lease to see if aga is required.

Question 1

Assigning lease vs selling freehold: what docs?

Answer 1

Assignment: all freehold documents, deed assignment, lease -deeds of variation.

Unregistered: deed of lease and any documents affecting lease.

Question 2

Assignee bound by covenants head lease

Answer 2

S.3 LT(c)a assignee bound by covenants head lease

Question 3

Post completion tasks tenant/ assignee assigning lease

Answer 3

More than 7 years left Register the lease with a TR1 at land registry or just change name on proprietorship register with TR1

Notify landlord contracts usually require

SDLT paid to hmrc (what time limit)

Question 4

Subletting check /searches

Answer 4

Official copies /epitome for Immediate landlord

Question 5

Consents required to sublet

Answer 5

Freholder - head lease

Lenders consents

Immediate landlord

Question 6

Length of sublease

Answer 6

3 days less than headlease.

Milmo Carreras - if not shorter it will be treated as an assignment of reversionary interest.

Question 7

Post completion subletting

Answer 7

Register tr1

Notify landlord