76. Notifying freeholder/landlord of intention to sell

Notifying the freeholder or landlord about your intention to sell is a crucial step in the property sale process. Here is why it is important and how to do it: 

Importance of Notifying the Freeholder/Landlord:

• Lease Compliance: Most lease agreements include clauses requiring leaseholders to inform the freeholder or landlord when they intend to sell the property. Failing to do so can result in breaches of the lease terms. 
• Transparency: Notifying the freeholder or landlord fosters transparency in property transactions. It ensures that all relevant parties are informed of the change in ownership and can take appropriate actions. 

• Administrative Processes: The freeholder or landlord may need to update their records, transfer certain responsibilities or collect necessary information related to the property transfer. 

  
  

How to Notify the Freeholder/Landlord: 

• Review Lease Terms: Carefully review your lease agreement to understand the specific requirements for notifying the freeholder or landlord. This will include details about the notification process, the timeframe within which you must notify, and the information you need to provide. 
• Written Notice: Typically, you will need to provide written notice to the freeholder or landlord. Ensure that your notice complies with the terms specified in the lease agreement. 
• Certified Mail: It is advisable to send the notice via certified mail or recorded delivery to ensure that it is received and can be tracked. 
• Content of Notice: The notice should include information about your intention to sell the property, the proposed sale date, the contact information of the buyer (if available), and any other details required by the lease agreement. 
• Request Acknowledgment: Request acknowledgment of receipt from the freeholder or landlord. This can be in the form of a signed confirmation of receipt. 
• Retain Copies: Keep copies of the notice and any related correspondence for your records. This documentation may be required during the sale process. 
• Seek Legal Advice: If you are unsure about the specific requirements or process for notifying the freeholder or landlord, consider seeking legal advice from a solicitor with expertise in property law. They can guide you through the notification process.