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Who pays for management information pack?
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cactus18
Posts: 2 Newbie
Hi all,
I'm in the process of buying my first property, a leasehold flat.
When I initially spoke to my solicitor, I asked if the quote she gave me included everything, and she said yes, except that there would be a charge for the management information pack from the management company.
I spoke to the management company yesterday and they confirmed that they had received a request for the MIP from the seller’s solicitors and have requested a fee from them of £120 +vat.
Is it the seller or buyer who pays these fees? My solicitor gave me the impression that I would be paying but having searched a little online it seems to be the vendors who pay the fee.
Thanks for your help!
I'm in the process of buying my first property, a leasehold flat.
When I initially spoke to my solicitor, I asked if the quote she gave me included everything, and she said yes, except that there would be a charge for the management information pack from the management company.
I spoke to the management company yesterday and they confirmed that they had received a request for the MIP from the seller’s solicitors and have requested a fee from them of £120 +vat.
Is it the seller or buyer who pays these fees? My solicitor gave me the impression that I would be paying but having searched a little online it seems to be the vendors who pay the fee.
Thanks for your help!
0
Comments
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In my case (buyer) i didnt have to pay for the management pack. The seller did it.0
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As the vendor, I was responsible for paying for this. (This was only last week.) Your vendor is lucky re: the cost - I was charged £300!!0
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I've also just been charged £240 as a seller for the management info. I'm hoping I'll get it back on completion (or knocked off my legal fees anyway) as I don't have a management agent, just a freeholder and I'm pretty sure he won't charge a fee!0
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When I bought, and then sold, my first flat it was the seller who paid - IMO it contains information that the seller has to provide in order to sell the property - just like the leasehold information, fixtures and fittings details etc - so they should be the one to pay.0
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