Leasehold Property Information Form
IMPORTANT NOTE TO SELLERS - PLEASE READ THIS BEFORE COMPLETING FORM
Please complete this form carefully. It will be sent to the buyer’s Legal Representatives and may be seen by the buyer. If you are unsure how to answer any of the questions, ask your Lawyer before doing so.
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For many of the questions you need only tick the correct answer. Where necessary, please give more detailed answers on a separate sheet of paper. Then send all the replies to us so that the information can be passed to the buyer’s Legal Representative.
The answers should be those of the person whose name is on the deeds. If there is more than one of you, you should prepare the answers together.
It is very important that your answers are correct because the buyer will rely on them in deciding whether to go ahead. Incorrect information given to the buyer through ourselves, or mentioned to the buyer in conversation between you, may mean that the buyer can claim compensation from you or even refuse to complete the purchase.
It does not matter if you do not know the answer to any question so long as you say so.
The buyer will be told by his Legal Representatives that he takes the property as it is. If he wants more information about it, he should get it from his own advisers, not from you.
If anything changes after you fill in this questionnaire but before the sale is completed, tell us immediately. This is as important as giving the right answers in the first place.
Please pass to us immediately any notices you have received which affect the property. The same goes for notices which arrive at any time before completion.
If you have a tenant, tell us immediately there is any change in the arrangements but do nothing without asking your conveyancer first.
You should let us have any letters, agreements or other documents which help answer the questions. If you know of any which you are not supplying with these answers, please tell us about them.
Please complete and return the separate Fixtures, Fittings and Contents Form. It is an important document which will form part of the contract between you and the buyer. Unless you mark clearly on it the items you wish to remove, they will be included in the sale and you will not be able to take them with you when you move.
If you live in leasehold property, please answer the following questions. Some people live in blocks of flats, others in large houses converted into flats and others in single leasehold houses. These questions cover all types of leasehold property, but some of them may not apply to your property. In that case please answer them N/A. Please also obtain and let us have Ground Rent and Service Charge receipts along with demands for the current year and Building Insurance Details to include a Schedule for the current year. Also please include any other relevant papers, as failure to do this will hold up your sale.
The instructions set out at the front of the Property Information Form apply to this form as well. Please read them again before giving your answers to these questions.
If you are unsure how to answer any of the questions, ask your Legal Advisor.
The seller’s solicitors should check the seller’s replies to Part 1 against the information in the solicitor’s possession. When replying to A – H below the solicitor should have checked the deeds carefully, read the file and any other relevant file the firm may have by checking the filing records and, following this, make any other reasonable and prudent investigations (see the guidance from the Law Society's Conveyancing and Land Law Committee [2003] Gazette. 16 October, 43).
Reminder
Copies of any relevant documents should be supplied with this form, e.g. Memorandum and Articles of Association of the company, Share of Membership Certificate, management accounts for the last 3 years, copy of any regulations made either by the landlord or the company additional to the rules contained in the lease, name and address of the secretary and treasurer of the company, and copies of any notices served upon the seller under sections 18-30 the Landlord and Tenant Act 1987, the Leasehold Reform Act 1967 or the Leasehold Reform Housing and Urban Development Act 1993.
Declaration: I declare the above information is true and correct and I authorise Layard Horsfall to sign this form on my behalf
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