Home Information Packs will be compulsory
for properties 3 bedroom or above as of 10th September 2007. Anyone
marketing a residential property for sale will be required to have a Home
Information Pack for that property from the time the property first goes on
the market.
Additionally, properties on the market before 10th
September 2007 won't need a Pack, unless it is unsold on 1 January 2008.
Home Information Packs will contain an Energy Performance Certificate and
other key documents such as evidence of title, local authority and drainage
and water searches and key leasehold documents where appropriate.
The duty to provide a Pack falls on the person responsible for marketing
the property (usually an estate agent). However, the information provided in
the Pack is of great use to conveyancers and solicitors, and you will want to
be aware of the contents of the Pack and the authority of the information
contained in the documents.
The
documents that have to be included in a Pack from the first day of
marketing include an index, an Energy Performance Certificate, the
sales statement and evidence of title.
For
the other compulsory documents – the local property searches and
certain documents for leasehold properties – the Government is
initially allowing flexibility.
Marketing
can begin provided the missing documents are added to the Pack as
soon as possible. There must be evidence in the Pack that these
documents have already been commissioned.
Optional
documents in the HIP include the Home Condition Report (HCR), which
the Government strongly encourages sellers to include.
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