A SAM Conveyancing Client reviews the leasehold information pack, or leasehold management pack before buying a leasehold property
Are you buying or selling a leasehold?
Get a free, fixed fee quote for your leasehold conveyancing.

All our fees are Fixed, protected by our No Sale No Fee guarantee and we are leasehold and share of freehold specialists.
Get a Conveyancing Quote
 
 

Leasehold Management Pack - Leasehold information for flats

23/05/2023
(Last Updated: 04/09/2023)
10,046
6 min read
Key Takeaways
  • The Leasehold Management Pack is bundle of documents purchased by the seller of a leasehold property and is also referred to as the Management or Freeholder Pack
  • The Leasehold Information Pack contains information about the freehold management, ground rent and service charges, and forms a part of the formal leasehold enquiries that a seller needs to provide to the buyer
  • The leasehold information pack cost isn't standardised so the seller should speak to the freeholder or managing agent to confirm the cost for their flat and find out the estimated turn around - it can take weeks.


It is often the case that sellers have some of the information provided within the leasehold information pack such as ground rent receipts, however this will not suffice for the purposes of the buyer as they require other more detailed information that you won't have knowledge of such as future planned maintenance works.

Just after instruction of the solicitor and receipt of the TA7 (Leasehold Information Form) from the seller, the seller's solicitors submits an LPE1 form to the Freeholder / Managing Agents. There is normally a fee to pay the Freeholder / Managing Agent for compiling this information and this is paid before the information is release. You can see what questions are asked in an LPE1 form here - The Law Society Leasehold Property Enquiries Form LPE1

What is a Leasehold Property?

A leasehold property is where you only own the leasehold for a fixed period of time. You'll have a legal agreement with the landlord (sometimes known as the 'freeholder') called a 'lease'. This tells you how many years you'll own the property. Ownership of the property returns to the landlord when the lease comes to an end however leases can be as high as 999 years long.

You can read our simple guide on everything you need to know about what to do when Buying a Leasehold Property.

What is included in a Leasehold Management Pack?


    1

    Ground Rent Statement

Evidence of current ground rent paid and any ground rent due and the monthly/annual charge. This information is used to prove your ground rent has been paid and to apportion any amounts to you or that you owe on completion.


    2

    Service Charge Statement

Evidence of current service charges paid and any ground rent due and the monthly/annual charge. As above, this will be used in an apportionment calculation. There is also information provided about any reserves held for service charges for future planned maintenance.

    3

    Major works plans

Planned future works - also known as major works - are important for any buyer as they'll need to understand what repair work costs they are going to be liable for.

Download Guide for getting a Leasehold Pack
Details timelines and ways to speed up the process from months to weeks.

    4

    Last 3 years of annual accounts for Management Company

The last 3 years of accounts of the management company shows how profitably the company has been trading. It is important for a buyer to know that the freehold is going concern and is managing the freehold and communal areas properly with sufficient cash reserves to cover any disasters such as roof repairs.

    5

    Form EWS1 External Wall Fire Review

A review for leasehold blocks of flats over 18 meters to review the external materials used and confirm if combustible or not. Learn more: Form EWS1 External Wall Fire Review

The Deed of Certificate is not included in the leasehold information pack

If the lease is eligible for leaseholder protections the seller will be required to provide a deed of certificate evidencing that the lease is protected and the protections will transfer to the new owner.


    6

    Asbestos Survey

Asbestos could be present in any pre-2000 building. The asbestos survey will clarify if asbestos is present and if any risk is posed to residents.

    7

    Buildings Insurance

It is the Freeholder's obligation to ensure that adequate buildings insurance cover is in place. A copy of the policy should be provided in the pack. Whilst the freeholder/managing agent organises the insurance the leaseholders have to pay for the cost shared between them.

    8

    Notice fees, deed of covenant fees, and other freeholder fees

The pack includes costs the buyer will have to pay the freeholder after completion.

    9

    Disputes & Enfranchisement

Any leaseholder disputes are listed along with any current action being taken in relation to enfranchisement (someone buying the freehold), extension of the lease (Read more about Extending your lease), right to manage or right to enfranchise company.

Download Guide for getting a Leasehold Pack
Details timelines and ways to speed up the process from months to weeks.


Are you buying or selling a leasehold property?

We have a hand selected panel of excellent conveyancing solicitors who are leasehold and share of freehold specialists. Plus, nationwide coverage or local RICS surveyors, to handle your valuation.




Frequently Asked Questions
Who
Cost
Time
Andrew Boast of Sam Conveyancing
Written by:
Andrew started his career in 2000 working within conveyancing solicitor firms and grew hands-on knowledge of a wide variety of conveyancing challenges and solutions. After helping in excess of 50,000 clients in his career, he uses all this experience within his article writing for SAM, mainstream media and his self published book How to Buy a House Without Killing Anyone.
Caragh Bailey, Digital Marketing Manager
Reviewed by:

Caragh is an excellent writer in her own right as well as an accomplished copy editor for both fiction and non-fiction books, news articles and editorials. She has written extensively for SAM for a variety of conveyancing, survey and mortgage related articles.


People also searched for

TA7 Leasehold Information Form explained by SAM Conveyancing. A vector graphic of a legal document and envelope on a desk with a pencil and gavel.

TA7 Leasehold Information Form explained

11/03/2021
4,147
What are leasehold service charges? Explained by SAM conveyancing. Two workers in hard hats and overalls nail tiles to a roof

What are Leasehold Service Charges?

09/12/2019
261
A block of leasehold flats. SAM Conveyancing explains Right to Buy Leasehold rights.

Right To Buy Leasehold

25/05/2023
38
do I need to insure my leasehold flat

Do I need to insure my leasehold flat

02/06/2023
1,993
SAM Conveyancing explain: What is a Freehold Management Company and why you should create one when collectively purchasing the freehold of your leasehold

Leasehold Management Company

28/06/2023
400