Management Information Pack

an 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 Information Pack?

1. Ground Rent 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 Charges 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 Planned future works are important for any buyer as they'll need to understand what repair work costs they are going to be liable for

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. 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.

6. Notice fees, deed of covenant fees, and other freeholder fees The pack includes costs the buyer will have to pay the freeholder after completion.

7. 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.

Checklist for documents that could be included: ✓ The last 3 years published Service Charge Accounts ✓ Buildings Insurance Policy & Schedule ✓ Buildings Insurance for Common Parts ✓ Service Charge & Budget for current year and details of the anticipated payments on account