We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Site Property Management company charge for seller 'info pack'
Options
Rickb
Posts: 37 Forumite
Hi,
I am currently selling my property and my solicitors wrote to the management company that manage the Persimmon site with the following questions:
Please can you confirm if there is any notice fee payable?
Please provide the last 3 years accounts.
Please can you confirm if you require a Deed of Covenant and if so what fee is payable for this.
They responded by saying they have a standard sellers info pack that costs £260 +VAT they would send out.
This seems a huge amount for a small amount of admin.
Has anyone else had to pay similar fees? Did they challenge them?
Also, I believe I bought the property freehold but I do not have the documents as they are at solicitors. There were a number of covenants I had to sign agreement to when buying but would the above questions that our solicitor asked be relevant?
thanks,
Rick
I am currently selling my property and my solicitors wrote to the management company that manage the Persimmon site with the following questions:
Please can you confirm if there is any notice fee payable?
Please provide the last 3 years accounts.
Please can you confirm if you require a Deed of Covenant and if so what fee is payable for this.
They responded by saying they have a standard sellers info pack that costs £260 +VAT they would send out.
This seems a huge amount for a small amount of admin.
Has anyone else had to pay similar fees? Did they challenge them?
Also, I believe I bought the property freehold but I do not have the documents as they are at solicitors. There were a number of covenants I had to sign agreement to when buying but would the above questions that our solicitor asked be relevant?
thanks,
Rick
0
Comments
-
Very often the information sought by a buyer is more extensive than that and the standard packs should deal with those issues, even in a freehold property like yours.Stop! Think. Read the small print. Trust nothing and assume that it is your responsibility. That way it rarely goes wrong.
Actively hunting down the person who invented the imaginary tenure, "share freehold"; if you can show me one I will produce my daughter's unicorn0 -
Gah, thanks for the reply. I guess I'll have to pay the damn fee anyway...0
-
Yes it does seem a lot
and yes you can challenge them (admin fess of this type can only be recharged to tenants at cost, the MAs may not make this supply a profit making venture)
But it may be more hassle than it's worth
tim0 -
tim123456789 wrote: »and yes you can challenge them (admin fess of this type can only be recharged to tenants at cost, the MAs may not make this supply a profit making venture)
Er sorry no he cant and yes they can.
As a freehold house its not subject to Sch 11, CLRA 2002 protections :eek:Stop! Think. Read the small print. Trust nothing and assume that it is your responsibility. That way it rarely goes wrong.
Actively hunting down the person who invented the imaginary tenure, "share freehold"; if you can show me one I will produce my daughter's unicorn0 -
Hi Guys,
Thanks for the replies. I ended up paying the fee just to get the process moving on. Lesson learnt with regards to management companies...0 -
propertyman wrote: »Er sorry no he cant and yes they can.
As a freehold house its not subject to Sch 11, CLRA 2002 protections :eek:
my mistake
I didn't read down far enough to see that it was a freehold house
tim0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards