Share transfer property services for Jersey clients
Buying or selling a share transfer property in Jersey involves a process that is distinct from other types of property transactions, as it falls under company law rather than property law. With the right legal support, it can be smooth and straightforward. At Parslows LLP, we guide you through every stage, explaining the details clearly and ensuring your interests are fully protected.
A share transfer property is usually an apartment within a block owned by a company. Instead of purchasing the property itself, you acquire shares in the company that owns the building. These shares give you the right to occupy a specific unit and use any communal areas. Because the property is owned by a company, there is no contract passed before the Royal Court, which makes the process different from freehold or flying freehold transactions. Instead, the transfer is completed through a Share Vending Agreement (SVA), which sets out the terms of the sale and often includes warranties.
When you instruct Parslows LLP, you can expect clear advice and a proactive approach. For buyers, we carry out a review of the company’s memorandum and articles of association, the share transfer agreement, and any restrictions or obligations that apply. We check that the company is properly managed and that there are no outstanding liabilities or disputes that could affect you. We also confirm that the property complies with planning and building regulations, that insurance is in place, and that service charges and maintenance obligations are clearly documented. Where necessary, we review meeting minutes to identify any planned major works that could impact your costs.
If you are arranging finance, we work closely with your lender to ensure all requirements are met and that funds are available for completion. We explain the process in plain language, so you always know what is happening and what to expect. We also advise on Land Transaction Tax (LTT), which applies to share transfer purchases, and can guide you on related considerations such as updating or making a Will, as share transfer property forms part of your movable estate.
For sellers, preparation is key to avoiding delays. We help you gather the necessary company documents, share certificates, and compliance records. We draft the share transfer agreement promptly and respond quickly to any questions from the buyer’s lawyer, keeping your sale on track.
At Parslows LLP, we believe in transparency and clear communication. From the outset, we provide a full breakdown of legal fees and any other costs, so you can plan with confidence. If you have questions at any stage, our approachable team is just a call or email away. We are here to provide reassurance and practical advice whenever you need it.
Whether you are buying an apartment, moving to a new home, or selling an existing property, Parslows LLP offers the expertise and personal service you need. Our residential property lawyers have extensive experience in share transfer transactions and a reputation for delivering exceptional service that is timely, accurate, and friendly.
Ready to move forward with a share transfer property in Jersey? Our team at Parslows LLP will make sure everything is handled with care and clarity. Contact us today and let us take the stress out of your transaction.
