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...
The information on this page was updated in December 2021.
At the end of the webinar, you should be able to:
Explain the key information a buyer of a lease should know
- Describe at a high level the key documents the buyer should receive
- Explain the main risks to the buyer’s enjoyment of their property
- Identify the main financial obligations the buyer is taking on
Knowing about the contents of the Residential Leasehold Property Enquiries Questionnaire (LPE1) and the Buyers Leasehold Information Summary (LPE2) will give you the expertise to explain these to your clients and reduce the potential for misunderstandings.
We will cover the basic definitions and the documents a buyer of a leasehold property can expect to receive to allow you to gain the basic information needed to help your clients understand what they are taking on by becoming a leaseholder.
Speaker: Dona Awano is a qualified solicitor with a background in residential leasehold law and worked with LEASE for over 6 years. She provided advice on all aspects of leasehold and enfranchisement law and property management and regularly made presentations at leasehold events. She is an accredited mediator and a trainer, providing training on key legal issues pertaining to leasehold ownership. She wrote articles for the company’s website and was part of the social media team and was also involved in developing content for the LEASE website.
The presentation is 60 minutes followed by up to 30 minutes of Q+A
Note to viewers of this webinar – Updated versions of the LPE1 (Leasehold Property Enquiries) and LPE2 (Consumer summary) forms will go live on 11 January 2022.
The updated forms now include the UPRN of the property and ask property managers or administrators whether they can accept service of notices by email and receive the payments through the banking system.
The updated Form LPE1 establishes whether there are any restrictions on parking and in relation to pets. The form also asks whether a fire safety or an external fire wall assessment has been carried out and whether as a result there are urgent works required and if such works have been carried out.
Download the slides for this presentation.