When you purchase a freehold property, you are legally required to inform tenants of the assignment of landlord’s interest as per the Landlord and Tenant Act 1985. This is called a Section 3 Notice and it must be served within two months following the transfer of ownership and contain the new landlord’s name and address. The new landlord must serve notice to tenants regardless of whether the previous landlord notified tenants.
If the new landlord fails to notify tenants, it is considered a summary offence which can lead to a criminal conviction and fine of up to £2500. Furthermore, during the period in which the Section 3 Notice has not been served, the previous owner of the property will be either jointly or severally liable for any breach in covenant, condition or agreement under the tenancy. It is therefore in the outgoing landlord’s interest to ensure that the purchaser serves notice.
Simply add your details to the contact form and you’ll receive the Section 3 template straight to your email inbox for free. The template has been professionally prepared by freehold experts. All you’ll have to do is add the relevant information regarding the assignment of landlord’s interest to the template and then send it to all of your tenants. We’ll also include instructions on how to prepare the notice when we email you.
As with any legal document, it is very important to ensure that the Section 3 Notice is completed accurately in order to avoid any negative ramifications. If you are at all unsure about serving the Section 3 Notice to tenants yourself, it is advisable to seek legal advice from a solicitor.
Complete the form below to receive your template by email.
If you’ve purchased a freehold for a residential building containing multiple leasehold homes, you may need to be aware of the cost to extend a lease. Leaseholders can request a lease extension at any time by taking either a formal, statutory route or by entering into informal negotiations with their freeholder. In any case, you’ll need to know the premium that will be payable to you by your leaseholder in return for granting the extension.
To get an estimation of the cost to extend a lease, use our lease extension calculator.
We also offer free templates for Section 20, Notice of Major Works and Section 166, Demand for Ground Rent. Both templates can help you to formally collect money owed to you by your tenants, however each has a number of prerequisites that must be met. Failure to serve these notices correctly can lead to negative consequences for you, the freeholder. Learn more about the notices below and get your free templates.
You’ll also find a whole host of free information, tips and advice for freeholders on our Resources Page.