The policy covers the following changes:
- create a joint tenancy from a sole tenancy - an existing sole tenant wants to add another person as a joint tenant
- converting to a sole tenancy from a joint tenancy - where one joint tenant wants to leave the tenancy, but the other tenant wants to remain in the same property under the current tenancy
- assignment of a tenancy to someone else - where an existing sole tenant or both joint tenants want to transfer the tenancy to another person
- ending a tenancy by the tenant This policy does not cover mutual exchanges (which are a form of assignment) or succession, which is when a tenancy passes to someone else on the death of a tenant as these have separate policies. It also excludes leaseholders and shared owners
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