In August 2007, Home Information Packs (HIP) were launched but applied only to places with four or more bedrooms. Then, on 14th December, Home Information Packs became a legal requirement for all properties being sold in England and Wales.
However, the owners of leasehold properties have faced difficulties.
In some cases it has been difficult to obtain leasehold documents quickly and disproportionate charges have on occasion been requested.
The Government had announced that until 31st December 2008, the only required document was be a copy of the Lease. Proposals in a consultation paper have now done away with leaseholders having to provide some 12 extra documents and pieces of information and replace it with a simple Property Information Questionnaire (PIQ) that lessees can complete themselves. The regulations also make permanent, from 1 January 2009, the lease being the only additional mandatory requirement for leasehold properties.
The Communities and Local Government have published the new requirements in terms of the information required for leasehold properties on their website http://www.communities.gov.uk/housing/buyingselling/homeinformation/
This interpretation of the current situation regarding HIPs and leaseholders is believed to be true at the time of going to press but in view of past experiences, keep checking on our website to see when the situation has changed!
| |
|
|
| |
To view the above in PDF format you will need Adobe Acrobat Reader software. If you do not have Adobe Acrobat Reader installed on your computer, please click here for information about how to obtain a free download of the software from the Adobe web site. |
|
| |
|
|
DISCLAIMER
Any external products and services listed do not necessarily carry the endorsement of flat-living or imply a recommendation. flat-living.co.uk does not recommend any of the advertisers and cannot be held responsible for any work undertaken by or purchased from any advertiser on this site.
Whilst flat-living makes every effort to ensure that the articles included in the web site are accurate at the time of publication it is inevitable that, as time goes by and circumstances change, the articles may contain out of date information. Readers are strongly urged to check the content of these articles before taking any action that could have legal or financial consequences. flat-living shall not be liable for any loss, damage or inconvenience arising from inaccuracies.
|
