This guide explains the steps in a share transfer
transaction.
Reaching an agreement
Any offer should be made subject to contract as you could
unwittingly bind yourself to the purchase.
Once you have agreed a price for an apartment, the seller's
lawyers will prepare the sale documents.
This will include a share sale agreement to provide for the sale
of a block of shares in a company (Company) which owns a property
or a development (Property). The shares in the company will be
divided into blocks which give rights to occupy and use a specific
apartment/store/parking space at the Property.
Consents
You do not need consent under the Control of Housing and Work
(Jersey) Law 2012 (CHW Law) to acquire shares so, even if you do
not have housing qualifications, you can purchase a share transfer
apartment.
