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Copy of leash or managment resale pack

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  • Jonboy_1984
    Jonboy_1984 Posts: 1,233 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    Bear in mind that the major pieces of interest in the management pack are likely to be:

    1)any planned major works (any section 20 works planned in particular) and how they are being funded (sink found or extra charges)
    2)any known breaches of the lease
    3) the last three years accounts to make sure service charges are being managed effectively

    Rather than just has this years service charge been payed on time.

    Take a look at https://www.samconveyancing.co.uk/news/conveyancing/leasehold-information-pack-3094
  • AlexMac
    AlexMac Posts: 3,064 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    The broader issue here (assuming I'm correct in assuming that you are buying a leasehold flat?) is whether the freeholder or the managing agent they have appointed, is competent, responsive and efficient?  

    They are presumably the ones tasked to respond to your solicitor's enquiries, so either they do it quick, or slow?

    I have tended to prefer to buy shared freeholds; flats in small blocks where the leaseholders collectively owned the freehold through a Freehold Management Company.  In most cases, we managed affairs ourselves; accounts, statutory returns to Companies House (simple annual returns, easily done online). collecting Service Charges, maintenance, electricity bills for communal areas, etc.  This saved money; no money-grubbing Agents involved.

    So as Treasurer of these DIY Companies I responded to Solicitors' enquiries when my neighbours sold (or newbies bought in).  I turned round forms like the "LPE1" (Leasehold Property Enquiries) forms, usually within 24 hours (especially if the buyers' solicitors had heard of the internet and sent em electronically rather than by snail mail! as some Dinosaurs insist on doing!).

    So. my point is 
    a) there's no excuse for delay- it will take as long as the Freeholder or their Agent take to get off their 4r5e
    b) if your freeholder or their Agent are inefficient, useless or slow, do you really want to own a flat which they have major influence over?  They'll dictate Service charges, buildings insurance, repairs, and crucially; how fast they'll provide the Management pack to your buyer's Solicitor when you eventually sell on?  

    So maybe find out who they are, research them, give 'em a ring and make your own judgement of whether they are just really busy, or a bunch of profit-driven wasters?  At least google 'em to see if they've been on the wrong end of any "Right to Manage" cases?  I did that once and walked away when I realised the Freeholder was a nightmare
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