Quiz - how well do you understand your lease?
Understand the key things you should know about your lease. If you are a purchaser, this can help make sure your solicitor has covered all of these points and explained them clearly to you.
Question 4.8 of LPE1 asks if “within the next two years are any Section 20 works proposed to the Property”, and, if so, to provide details of the works and the contribution anticipated from the leaseholder.
‘Section 20’ refers to a consultation process that the law requires a landlord to conduct if planned works (‘major works’) will cost any leaseholder in the building more than £250.
It follows that any intended cladding works should be disclosed in answer to question 4.8.
More information you might find useful:
- What are the leaseholder protections in the Building Safety Act 2022?
- More Frequently Asked Questions on Fire safety
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