When selling a property you should try to obtain a management pack from your managing agent or landlord.
The management pack contains important information that a potential buyer needs to know about the property. You will normally have to pay a fee to the landlord or management agent for compiling it.
Usually, a standard Leasehold Property Enquiry form, called an LPE1, is used to ask the landlord specific questions that form the basis of the pack – for example, about service charges, ground rent, deeds of covenant, building insurance and disputes.
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.
The pack should also show if the accounts are up to date, any related health and safety certification, details of planned works, and whether there are any arrears or obligations that need to be cleared before completion.
Although the landlord is under no legal obligation to answer these questions, most will be willing to do so. If they refuse you could try to negotiate with them, or if they are members of the Royal Institution of Chartered Surveyors 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?: FAQ
- Freehold vs leasehold conveyancing: flowchart
- More Frequently Asked Questions on Purchase/Sale
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