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Estate & Managing Agents - Landlords & Managing Agents |
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Research has shown that because key documentation is often not retained by leaseholders, there are frequently delays in the marketing of leasehold properties. To counter this, Communities and Local Government, working in partnership with the Royal Institution of Chartered Surveyors, the LEASE Advice Service and the Association of Residential Managing Agents, has produced two Home Information Pack advice leaflets. The first is aimed at leaseholders, and explains the need to retain documents. The second, more-comprehensive leaflet is aimed at anyone - not just leaseholders - with an interest in leasehold matters. These leaflets are available upon request only. Where documents have not been retained, it is likely that leaseholders will approach Managing Agents/Landlords to acquire them. To help ensure that the system works, we urge Managing Agents and Landlords to respond to the requests as quickly as possible. They may also charge a reasonable amount to provide the documents. The government realise that problems may crop up. Where documents are proving difficult to obtain, they have granted an extension of four weeks for leasehold and searches documents. In addition, the Association of Retirement Home Managers has produced a Minister-approved management code that encourages the supply of material for Home Information Packs. The Royal Institution of Chartered Surveyors has agreed to include a similar provision when it amends its management code, and it's understood that members of the Association of Residential Managing Agents will endorse, accept and comply with the Royal Institution of Chartered Surveyors code of practice when this is published. The required leasehold documents for inclusion in Packs are:
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