Professional Training

Part Freehold & Leasehold - A Guide to Sales & Purchases - Learn Live

Length
3 hours
Next course start
9 October, 2024 See details
Course delivery
Virtual Classroom
Length
3 hours
Next course start
9 October, 2024 See details
Course delivery
Virtual Classroom

Course description

It will be unusual if you never have to deal with the sale or purchase of part of a title and whether dealing with commercial or residential property, a key skill is understanding how to effectively approach this area. Challenges and traps can arise in any transaction involving a sale or purchase of part, whether you are dealing with a domestic garden, hundreds of acres of land, or the splitting of commercial premises.


If you are acting for the seller, do you understand what protections you should incorporate into the sale documents? As the buyer’s lawyer, do you appreciate the extent of your obligations to protect the buyer?


Presented by leading trainers Sarah Thompson-Copsey and Peta Dollar, this virtual classroom seminar covers the fundamentals of sales and purchases of part, and the particular issues you will need to address.

Upcoming start dates

1 start date available

9 October, 2024

  • Virtual Classroom
  • Online
  • English

Outcome / Qualification etc.

Following all MBL courses, a certificate of attendance will be provided for those who are required to evidence their CPD activity to a professional body.

Training Course Content

Introduction

It will be unusual if you never have to deal with the sale or purchase of part of a title and whether dealing with commercial or residential property, a key skill is understanding how to effectively approach sales and purchases of part of freehold and leasehold land and property.

Challenges and traps can arise in any transaction involving a sale or purchase of part, whether you are dealing with a domestic garden, hundreds of acres of land, or the splitting of commercial premises.

If you are acting for the seller, do you understand what protections you should incorporate into the sale documents? As the buyer’s lawyer, do you appreciate the extent of your obligations to protect the buyer? Particular challenges you will face include knowing when and how the benefit and burden of existing rights and covenants are passed on, and the reservation of rights. A sale of part of leasehold land raises additional issues. What, for example, are the implications and effects of splitting the reversion? How do you protect your client where there is a sub-letting of part?

This virtual classroom seminar covers the fundamentals of sales and purchases of part, and the particular issues you will need to address.

What You Will Learn

This live and interactive session will cover the following:

  • Split reversions and potential complications
  • Assigning and subletting part
  • The status of existing rights and quasi-easements, s62 Law of Property Act, and the rule in Wheeldon v Burrows
  • Granting and reserving new rights and easements
  • Passing on (or retaining) the benefit of existing restrictive covenants
  • Imposing new restrictive covenants
  • Splitting planning obligations under s106 agreements
  • Issues involving the Community Infrastructure Levy where there is a single planning permission for sold and retained land

Expenses

From £243
MBL Seminars Limited
C/o Law Business Research
Holborn Gate, 330 High Holborn
WC1V 7QT London

MBL Seminars Limited

MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...

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