Friday, 25 January 2008

Do Leasehold Properties Require A HIP?

Leasehold Properties and HIPs (Home Information Packs)

Leasehold properties have required a HIP from 1 August 2007.

However, many leasehold properties are 1 or 2 bedroom properties, in particular flats and apartments, which legally required a HIP from 14th December 2007.

A copy of the lease document is a compulsory element of a leasehold HIP. Further leasehold documents should be included where possible but are currently voluntary. These additional documents are listed below and are scheduled to be made compulsory in June 2008.

A copy of the lease *compulsory
Name and address of Landlord & Managing Agents
Service Charge statements over last 36 months
Financial requests made by Landlord over last 12 months
Regulations or rules made under the lease
Proposed amendments to the lease
Summary of proposed building works

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