Summary of Rights and Obligations – Administration Charge - Wales
Section 158 of Commonhold and Leasehold Reform Act 2002 under Schedule 11 paragraph 4 thereof provides that a demand for...
We are sorry to hear that you have received a surprise bill soon after purchasing. As a recent buyer, this can be unexpected and stressful.
A large major works bill could potentially arise at any time depending on the repair and maintenance needs of the building.
The purpose of the form is that the seller provides a buyer with information that they can rely on to make the decision to commit to buying the property. If the information in the LPE1 was missing or incorrect, it could be that there was a misrepresentation on the part of the landlord or their managing agent.
If you suspect incorrect information was given in the LPE1, we suggest you speak with your conveyancer. They may be able to investigate the matter for you.