Guidance

Lease closure with transfer of part or new lease

Published 13 November 2024

Applies to England and Wales

1. Overview

The following Lease closure transactions are available when applying for a transfer of part (TP) or a new lease (NL).聽

1.1 Lease closure 바카라 사이트� by disclaimer (TP)聽

Use where bankruptcy or liquidation has occurred.聽

1.2 Lease closure 바카라 사이트� by notice (TP/NL)聽

Use where the lease is terminated, for example following exercise of a break notice. The lease needs to be outside Landlord and Tenant Act 1954 and the Local 바카라 사이트 Housing Act 1989. You can use panel 9 of the CN1 to provide confirmation. Where determined by notice, provide a copy of the notice.聽

1.3 Lease closure 바카라 사이트� merger with reversionary estate (TP)聽

Make sure you are able to apply for merger with reversionary estate before you select this transaction.聽

Two estates must be in same ownership (same person, same capacity, for example, 1 absolute owner & 1 trustee or personal representative - not possible).

You may need to:聽

• provide evidence that the applicant holds all estates in the same capacity聽
• provide evidence that the applicant holds all estates upon the same trusts聽
• provide evidence that the trust no longer applies (so you바카라 사이트檒l need to apply to cancel the existing Form A restriction or apply for a Form A restriction on the title or titles which does not have one together with a certificate that the applicant holds all estates upon the same trusts or if you are also lodging an application for transfer or Form A restriction in a transfer, make sure you choose the correct priority order (for example, transfer first)聽

1.4 Lease closure 바카라 사이트� of assured tenancies following court order (NL)聽

Refer also to Schedules 1 and 7 of the Housing Act 1988.聽This is only for use where the lease is registered.聽

1.5 Lease closure 바카라 사이트� on frustration (NL)聽

Use for the automatic determination of a lease by the doctrine of frustration, not by an event referred to in the 바카라 사이트榝rustration clause바카라 사이트� in the lease.聽

1.6 Lease closure 바카라 사이트� surrender by deed (NL)聽

The tenant surrenders the interest by way of deed and the landlord accepts. There is no prescribed form this can take but the landlord must consent to the surrender and evidence of this consent must be lodged.바카라 사이트痀ou will need to lodge a copy of the deed of surrender or other deed effecting the surrender.聽

1.7 Lease closure 바카라 사이트� surrender by deed (not for value or reverse premium) (NL)聽

As above, but not for value.聽

1.8 Lease closure 바카라 사이트� surrender by deed (together with transfer) (TP)聽

Use when surrender is being effected by a transfer. This transfers it to the reversionary estate (for example, to the landlord).聽

Select, 바카라 사이트楲ease closure - surrender by deed (together with transfer)바카라 사이트� and, 바카라 사이트楾ransfer바카라 사이트�. Make sure the surrender is clear in the additional provisions panel, or by including a letter making it clear.聽

The바카라 사이트痩andlord바카라 사이트痬ust바카라 사이트痗onsent바카라 사이트痶o the surrender.

Consent can be established by:聽

• lodging a letter of consent or by the landlord (or their바카라 사이트痗onveyancer) applying to close the registered바카라 사이트痩easehold바카라 사이트痶itle바카라 사이트痑nd/or cancel바카라 사이트痭otice바카라 사이트痮f the바카라 사이트痩ease
• the바카라 사이트痙eed바카라 사이트�(or duplicate deeds signed separately) being executed by both the바카라 사이트痩andlord바카라 사이트痑nd바카라 사이트痶enant바카라 사이트痑nd incorporating wording along the following lines:聽

바카라 사이트淸Tenant] hereby [transfers and] surrenders to [landlord] the바카라 사이트痩and바카라 사이트痗omprised in the바카라 사이트痶itle바카라 사이트痑bove mentioned to the intent that the바카라 사이트痶erm바카라 사이트痮f years granted by the [registered]바카라 사이트痩ease바카라 사이트痬ay merge and be extinguished in the바카라 사이트痳eversion바카라 사이트痶hereof.바카라 사이트�

or

바카라 사이트淸Tenant] transfers and surrenders and releases to [landlord] all their estate and바카라 사이트痠nterest바카라 사이트痑nd rights in that part of the whole of the바카라 사이트痩and바카라 사이트痗omprised in the above바카라 사이트痶itle바카라 사이트痚dged 바카라 사이트� on the annexed plan (바카라 사이트榯he Surrendered바카라 사이트疞and바카라 사이트�), to the intent that the residue of the바카라 사이트痶erm바카라 사이트痮f years granted by the registered바카라 사이트痩ease바카라 사이트痠n so far as it relates to the Surrendered바카라 사이트疞and, and all or any other estate, interest or바카라 사이트痳ight바카라 사이트痮f the바카라 사이트疶enant바카라 사이트痠n the Surrendered바카라 사이트疞and, whether granted by or arising from the registered바카라 사이트痩ease바카라 사이트痮r any바카라 사이트痙eed바카라 사이트痮r document supplemental to it or otherwise, is to merge and be extinguished in the바카라 사이트痳eversion바카라 사이트痠mmediately expectant on the바카라 사이트痶erm바카라 사이트痮f years granted by the registered바카라 사이트痩ease.바카라 사이트澛�

1.9 Lease closure 바카라 사이트� surrender by deed (not for value or reverse premium) (TP)聽

As above, but not for value.聽

1.10 Lease closure 바카라 사이트� surrender by operation of law (TP/NL)聽

This is to be used when there is implied surrender due to actions of both parties.바카라 사이트� In most cases바카라 사이트痽ou will need to바카라 사이트痩odge a바카라 사이트痵tatutory declaration or statement of truth confirming: any consideration paid, that no deed of surrender바카라 사이트痺as entered into,바카라 사이트痶hat premises have been vacated and if required, evidence to account for rent from any바카라 사이트痮ccupying under-lessee.聽

1.11 Lease closure 바카라 사이트� surrender by operation of law (not for value or reverse premium) (TP/NL)聽

As above, but not for value.聽

2. Application details聽

Lease closure transactions appear as either standalone register updates (see 바카라 사이트榮tandalone lease closure바카라 사이트� guidance) or can be added as additional titles on TPs or New Leases (see 바카라 사이트榥ew lease바카라 사이트� guidance).聽

This guidance will focus on lease closure as part of a Transfer of Part application.聽

Enter the closing leasehold titles as a 바카라 사이트榬elated바카라 사이트� title number. This captures a 바카라 사이트榙ealing바카라 사이트� against the tenant titles.聽

If only transferor or landlord titles are entered, the full list of lease closure options will not appear in the transaction list.聽

Confirm the application affects the whole of the related title.聽

2.1 Transaction selection and fee calculation聽

Once a transfer (or assent) transaction is selected, you can select a lease closure as a later priority.聽

The list of lease closures available with Transfer of Part (TP) is a smaller choice than those available as Register Updates (RU) (also known as Dealings).聽

The fee will vary depending on the type of lease closure selected.聽

2.2 Link transactions and titles聽

The transactions are linked to title numbers.聽

They are automatically linked where possible, but you may need to edit manually.聽

You cannot use this for any subsequent onward transfer. You will have to apply for that against the new title created by the TP 바카라 사이트� you바카라 사이트檒l get the new title number on submission of this application.聽

2.3 Calculate fee聽

Enter the relevant values and the fee is calculated automatically. Note that the fee for lease closure is not waived for any surrender by deed.聽

2.4 Transaction details and attach documents聽

Tenant and landlord details are required to populate the eAP1, as well as the transferee or transferor details as part of the transfer.聽

Document prompts are dynamic and will populate based on the transaction.聽

Some lease closures have no required documents, but a variety of suggested ones.聽

The note of the lease will be automatically removed from the landlord바카라 사이트檚 title, you do not need to lodge a CN1 for this to be done.聽

Where the required evidence is various, the, 바카라 사이트楢ttach and certify document바카라 사이트�, screen will have the list of options, as in the example to the right.