Transfer Deed

Transfer deed

document transferring legal title from seller to buyer

Form requirement

must be by deed under s52 LPA 1925

Main form

TR1 (transfer of whole title)

TP1

transfer of part of registered title

TR5

transfer of multiple titles

Who drafts TR1

usually buyer’s solicitor

Alternative practice

seller’s solicitor may draft and annex to contract

When agreed

before completion and held undated

Panel 1

title number (leave blank if unregistered)

Panel 2

property description (usually address)

Panel 3

date inserted on completion

Panel 4

transferor (seller details)

Panel 5

transferee (buyer details)

Panel 6

address for service (usually property address after completion)

Panel 7

operative clause transferring title (cannot amend)

Panel 8

consideration (price, gift, or other value)

Panel 9

title guarantee (full or limited)

Panel 10

declaration of trust (joint tenants or tenants in common)

Panel 11

additional provisions (e.g. covenants, indemnities, easements)

Panel 12

execution (signatures and attestation)

Who must sign

transferor always signs

When transferee signs

if trust, multiple buyers, or obligations imposed

Execution (individual)

signed in presence of independent witness

Execution (company)

seal OR 2 directors OR director + secretary OR director + witness

Effect of execution

deed becomes effective when dated

Key step

deed is executed before completion but dated on completion

Pre-completion role (buyer)

draft TR1, arrange execution, prepare funds

Pre-completion role (seller)

approve TR1, execute, obtain redemption figure

Key exam point

TR1 follows contract terms

Key exam point

minimal discretion in drafting

Key exam point

transfer is only effective once dated on completion