Leasehold Sale Enquiries

I own the land on which the building is built, who am I?

• Management Company

• Manging Agent

• Lessee

• Freeholder

I am appointed to run and manage the building and services, who am I?

• Landlord

• Lessee

• Management Company

• Managing Agent

When does the remaining Lease term potentially become a problem?

• Less than 90 years remaining

• Less than 80 years remaining

• Less than 70 years remaining

• Less than 60 years remaining

How can an inadequate Lease Term be resolved?

• Informal Lease Extension

• Statutory Lease Extension (S42)

• Indemnity Insurance

• Agree an Allowance to the Buyer

If the Lease contains a Forfeiture in Bankruptcy Clause, how should you proceed?

• Agree an Allowance with the Buyers Solicitors

• Agree a Retention with the Buyers Solicitors

• Indemnity Insurance

• Deed of Variation

If the Lease has missing pages or no colouring to the Plan, how could we proceed?

• Indemnity Insurance

• Continue to Exchange

• Deed of Variation

• Does the Landlord have a complete copy?

If you come across a Restriction in the B Register of the Leasehold Official Copies how should you proceed?

• Wait for the buyers solicitors to raise this as an enquiry

• Investigate straight away. Its likely to relate to a Certificate of Compliance

• Wait for the LPE1

• Proceed to Exchange

Upon receipt of the completed LPE1 there is reference to a Section 20 Notice. What is this?

• Major Works

• Complaints about the Lessee from a neighbour

• Service Charge Arrears

• Ground Rent Arrears

Upon receipt of the LPE1 you notice there is reference to Major Works. What should you do?

• Proceed to Exchange

• Wait for the buyers solicitors to raise any questions on this

• Investigate immediately with the Landlord and Management Company

• Ignore this as it may not relate to the property

What is the process to follow when requesting an LPE1. List all that apply

• A telephone call should be made to the Landlord and Management Company to ascertain costs for the Leasehold information.

• Are the Landlord and Management Company happy for the client to pay them directly over the phone?

• Can we email the LPE1 to the Landlord and Management Company directly? What are their turnaround times to complete the LPE1?

• Call the client and ask them to pay the Landlord and/or Management Company for the LPE1 pack