Selling your Hanover property
Nearly all leases allow you to sell your home on to another private individual with our approval. This is known as an assignment lease. However, you should inform us of your intention to sell your home so that we have the opportunity to nominate a purchaser or buy your lease back. You can inform us by speaking to your local estate or housing manager or by contacting our Sales Services team.
Selling your lease back to us is known as a surrender lease and may be available in some circumstances. If relevant, the terms under which we will accept the surrender are individually detailed in the lease agreement.
If we do not want to nominate a purchaser and the option of a surrender lease is not available or appropriate, you can use an estate agent to market your property. When you accept an offer, you should ask your solicitor or legal advisor to contact Hanover so that we can approve the intending new occupier/s. Consent will not be unreasonably withheld or delayed, but we would normally expect the prospective purchaser to meet with your estate manager.
Your lease may also contain details of other payments, such as exit or transfer fees. Where these apply, they will be detailed individually in your lease and your legal advisors should arrange for them to be paid on completion of the sale.
More detailed information is provided in our Selling Your Home helpsheet.