The Leasehold & Freehold Reform Act 2024 - A Guide for Residential Conveyancers - MBL

Aspects of landlord and tenant laws are about to change significantly following introduction of the Leasehold and Freehold Reform Act 2024 on 24 May 2024. Whilst the Act has yet, for the most part, to formally commence, there is a substantial amount in the legislation which residential conveyancers will need to adapt to.

• SRA Competency - B
• Level - Intermediate: Requires some prior subject knowledge
• CPD - 2 hours
• Group bookings - email us to discuss discounts for 5+ delegates

The Act both directly and indirectly affects residential conveyancers. This session takes a detailed look at key features of the Act that will affect residential conveyancers. It will include advice on key documents that conveyancers will need to change to adapt to the Act.

What You Will Learn

This live and interactive course will cover the following:

• Key features of the Act, relevant to residential conveyancers
• Next steps for the Act
• New LPE1 pack: the process
• New LPE1 pack: enforcement options for non-compliance
• New disclosure rights; what are they, and advising purchasers
• New insurance obligations: what to look for and enquiries to raise
• New yearend report: reporting to buyers on the content and spotting red flags
• New service charge accounting obligations: what to look for, dealing with apportionments, retentions and allowances
• Updating key documents: terms of business, costs transparency, reports on title
• Acting for sellers
• Acting for buyers

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.

This session is repeated 14 Aug 2024 and 10 Oct 2024.