Things to know before you buy a flat
Estate agents are obliged to tell you anything material that may affect your buying decision. There are two main ways...
When selling a property the seller should obtain a management pack from the managing agent or the landlord. Usually the buyer’s solicitor will send questions for the landlord to answer. The pack should show whether the accounts are up to date and any arrears that will be cleared before completion.
Another way that this information can be asked is through the LPE form. The Law Society, has put together some standard enquiries to assist the landlord’s and their managing agents in answering these enquiries called the LPE1 form. These forms are not mandatory but if the landlord and the managing agent are not specifically replying to an LPE1 form, the management pack should deal with all the enquiries provided in the LPE1 form.
Although the landlord is under no legal obligation to answer such questions most will be willing to do so. If your landlord refuses to answer the buyer’s questions you cannot compel them to do so but you could try to negotiate with them.
If your landlord is a Royal Institute of Chartered Surveyors (RICS) member or part of an ombudsman scheme you may be able to submit a complaint to the relevant body.
More information you might find useful:
- I’m selling my property. Can my landlord charge a fee for answering pre-sale enquiries?
- Freehold vs leasehold conveyancing flowchart
- More Frequently Asked Questions on Purchase/Sale
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