Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

HM Land Registry definition

What does HM Land Registry mean? HM Land Registry (HMLR) is the public body that maintains the digital register of title to land and property in England and Wales under the Land Registration Act 2002. In practice, conveyancers and lenders use HMLR to verify and register ownership, mortgages/charges, leases, easements, restrictions and notices; to obtain official copies of the title register and title plan; to lodge applications for first registration and for the registration of transfers, leases and legal charges (including via e-AP1); and to protect priority through OS1/OS2 searches. The register benefits from a state-backed guarantee of title and an indemnity scheme. HMLR also administers...

TP1 transfer of part by way of exchange: precedent, drafting notes, HMLR plan requirements, covenants and consideration (England and Wales)

Published by a LexisNexis Property expert

Precedents

Precedent transfer

Nowadays, exchanges are almost always completed by separate transfers, each containing the standard title guarantees expected of ordinary sellers. There is no limit on the kind or value of the properties being swapped. A freehold interest may lawfully be exchanged for a leasehold interest (IRC v Littlewoods Mail Order Stores [1962] 2 All ER 279, HL), and any required balancing sum can be provided by way of equality of exchange. An adaptable Word version of the precedent form TP1 can be downloaded, saved or printed via the link on this page.

Drafting notes to precedent transfer

Panel 1—Title numbers

Where multiple properties are involved, each title number should be set out in alphanumeric order (beginning with 1). The properties should then be listed in the same sequence as the title numbers, using matching numbering.

Panel 3—Property description

The optional wording applies where the Property is unregistered. If a plan accompanies the transfer, hm land registry (HMLR)’s detailed plan rules must be followed; otherwise the application for registration will be rejected. The rules are contained in HM Land Registry Practice Guide 40. HMLR will also reject plans that have not been signed by the parties. The rules provide for this...

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Web page updated on 22/05/2026

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