PIQ Part 2
LEASEHOLD PROPERTIES
This part only to be completed if the property is a leasehold property.
If the lease is a new one and has not yet been granted, please answer the questions based on the draft terms of the lease.
Before entering into a binding commitment, buyers should confirm any matter relating to the leasehold ownership by reading the lease and checking the position with their conveyancer.
Additional information for leasehold properties
19. What is the name of the person or organisation to whom you pay -
Provide the details of the person or company that you pay the following to.
19a. ground rent; and
This information should be available from your lease agreement.
19b. service charges (if different from (a) above)?
This information should be available from your lease agreement.
20. How many years does your lease have left to run?
This information should be available from your lease agreement.
21. How much is your current annual ground rent?
This information should be available from your lease agreement.
22. How much is your current annual service charge?
This information should be available from your lease agreement.
23. How much is your current annual buildings insurance premium (if not included in the service charge)?
This information should be available from your lease agreement or insurance company.
24. Are you aware of any proposed or ongoing major works to this property?
Yes / No / Don’t know You should have been informed of any such work being carried out, it may be worth checking with the contacts given in 19 above.
24a. If "yes", what type of works are they and what is the expected cost relating to this property (if known)?
Give as much information as you can.
25. Does the lease prevent you from –
The following are straight forward and can be found on your lease agreement.
25a. Sub-letting?
Yes / No / Don’t know
25b. Keeping pets?
Yes / No / Don’t know
26. Does the lease allow you to:
The following are straight forward and can be found on your lease agreement.
26a. Use a car park or space?
Yes / No / Don’t know
26b. Have access to a communal garden (where applicable)?
Yes / No / Don’t know
27. Leases often permit or prevent certain types of activity relating to the use of the property, those referred to in question (25) are examples. Are there any other conditions or restrictions in the lease which could significantly impact on a person’s use of the property?
Yes / No / Don’t know
27a. If "yes", please specify.
Give details form your agreement.
End of part 2
Leasehold agreements can be quite complicated, if in doubt, consult your solicitor for clarification on any matters you are unsure about as it will only cause problems or delays at a later stage.
