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!

What does a "Management Pack" contain?

At some time I will have to ask the management company for a Management Pack if I sell my freehold property (I believe the "Pack" cost about £300)
This is because I pay an annual fee towards the maintenance of communal land and open spaces.

The management company will not answer my question directly but do say it contains a statement that I am up to date with my annual maintenance payments.
So I have been trying to find out EXACTLY what a Management Pack contains so I'm prepared but can only find that a FME1 (Freehold Management Form) is required.

Can anyone tell me if anything else is needed, or Is the word "Pack" misleading.

Comments

  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    Budget for the year, service charge statement, FME1 , draft blank contract , deed of covenant standard stuff we got charged £140
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • Olinda99
    Olinda99 Posts: 2,042 Forumite
    1,000 Posts Third Anniversary Name Dropper
    Also EWS1 form
  • eddddy
    eddddy Posts: 18,101 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Olinda99 said:
    Also EWS1 form

    The OP says their property is freehold - so it's almost certainly a house. The OP also says:

    dowpic said:
    This is because I pay an annual fee towards the maintenance of communal land and open spaces.


    So an "External Wall System" (EWS) certificate won't be relevant.


    An EWS1 form might be relevant for a leasehold flat, but the management pack for that would be different from what @chanz4 describes. For example, it wouldn't include an FME1 form, but it would include an LPE1 form.


  • Thanks everyone for your comments. 
    Yes, the EWS won't be needed because my management agreement only relates to external communal spaces.

    chanz4 said:
    Budget for the year, service charge statement, FME1 , draft blank contract , deed of covenant standard stuff we got charged £140
    Thanks chanz4,
    The deed of covenant is written into the Land Registry/House Deeds so the convayancing solicitor would have that. Is it likely that the management company would provide that paperwork as well ?
  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    eddddy said:
    Olinda99 said:
    Also EWS1 form

    The OP says their property is freehold - so it's almost certainly a house. The OP also says:

    dowpic said:
    This is because I pay an annual fee towards the maintenance of communal land and open spaces.


    So an "External Wall System" (EWS) certificate won't be relevant.


    An EWS1 form might be relevant for a leasehold flat, but the management pack for that would be different from what @chanz4 describes. For example, it wouldn't include an FME1 form, but it would include an LPE1 form.


    I sold my freehold which had a management pack, it included FME1
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    dowpic said:
    Thanks everyone for your comments. 
    Yes, the EWS won't be needed because my management agreement only relates to external communal spaces.

    chanz4 said:
    Budget for the year, service charge statement, FME1 , draft blank contract , deed of covenant standard stuff we got charged £140
    Thanks chanz4,
    The deed of covenant is written into the Land Registry/House Deeds so the convayancing solicitor would have that. Is it likely that the management company would provide that paperwork as well ?
    dowpic said:
    Thanks everyone for your comments. 
    Yes, the EWS won't be needed because my management agreement only relates to external communal spaces.

    chanz4 said:
    Budget for the year, service charge statement, FME1 , draft blank contract , deed of covenant standard stuff we got charged £140
    Thanks chanz4,
    The deed of covenant is written into the Land Registry/House Deeds so the convayancing solicitor would have that. Is it likely that the management company would provide that paperwork as well ?
    yes as requires the transfer to the new buyer signing 
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • Thanks chanz4, appreciate that
  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    dowpic said:
    Thanks chanz4, appreciate that
    no problem at all
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.6K Banking & Borrowing
  • 253.3K Reduce Debt & Boost Income
  • 453.9K Spending & Discounts
  • 244.6K Work, Benefits & Business
  • 599.9K Mortgages, Homes & Bills
  • 177.2K Life & Family
  • 258.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.