I don't think the agreement allows liability to be transferred, as these terms are completely incompatible with a permanent disposition amounting to a change of keepership:
This term allows them to effectively terminate the agreement whenever they want and taking the vehicle back, by simply changing the T&Cs

This term allows them to take the vehicle back with immediate effect in certain circumstances:


This term shows they are still going to be responsible for maintenance in-house, so they must routinely take possession of the vehicle:

This term severely restricts your ability to have maintenance done on the vehicle at a garage of your choice, and it imposes severe restrictions on the use you may make of the vehicle (for example by prohibiting any personal use, you can't use the vehicle to go shopping or for a family day out):

This term confirms the lessor is responsible for the maintenance and roadworthiness of the vehicle:

This term is again incompatible with a permanent disposition:

This term shows they don't understand how transfers of liability work:

This term shows that a third party has very broad rights to access the vehicle as it sees fit:

These cases give you a good idea of what I mean by permanent disposition:
Rosica Solunova v City of London (2210125386, 12 April 2021)Daniel Hirai v City of Westminster (2210105607, 26 June 2021)Harold Goodrich v City of Westminster (2220668661, 14 August 2023)There is a good example in
Abu Zubae v London Borough of Hackney (2210338842, 19 August 2021) where the chief adjudicator found that the terms of the agreement were incompatible with a permanent disposition, so liability could not be transferred.
Just in case you're wondering, if we go to the tribunal and win on this ground, the PCN just dies. The council will not issue a new notice to owner to the lease company after losing the appeal.
Normally leasing companies will refund the admin charge if you show them that the PCN has been cancelled but even if they refused, you're better off paying £10 to the leasing company than £65 to the council. I will be happy to represent you at the tribunal.
As a precaution it's always worth telling the leasing company about the notice to owner being on its way, telling them you want to fight the ticket and asking them to transfer liability. This is because some lease companies just pay the notice and try and re-charge you, and that is a scenario we really want to avoid.