GetAgent
Back
Close
  • Compare agents
  • Online valuation
  • Explore my area
  • Home toolkit
  • News & guides
  • Estate agents by area
  • Sold house prices by area
Estate agents by area
Search by Location or Name
  • Selling guides
  • Estate agent guides
  • Mortgage advice
  • Conveyancing guides
  • Property news
  • See All News & Guides
Sign in
Agent shortlist
HouseWorth
© GetAgent Limited 2024
  1. Blog
  2. What is a leasehold management pack?
Conveyancing help and guides
05 March 2021

What is a leasehold management pack?

Daniel Strieff
Writer
Person in yellow shirt, stood in open courtyard, studies files

Table of contents

  1. 1. Why do you need a leasehold management pack?
  2. 2. What’s included in a standard management pack?
  3. 3. Who needs a leasehold management pack?
  4. 4. Who provides the information?
  5. 5. How much does a leasehold management pack cost?
  6. 6. How long does it take to get a leasehold management pack?

If you’re looking to sell a leasehold property, you’ll require something known as a leasehold management pack in order to move forward.

A leasehold management pack, sometimes referred to as a leasehold information pack or ‘replies to LPE1 enquiries’, is a collection of documents that a seller must purchase from a managing agent or freeholder and give to the buyer’s conveyancer.

The pack will include all the information related to the management of a building in which a leasehold property -- especially a terraced house, apartment, flat, or maisonette -- is located.

Why do you need a leasehold management pack?

You need a leasehold management pack because these packs offer buyers details about how buildings are managed so they can better understand what they’re getting into when purchasing a leasehold property.

It also helps clarify any fees related to building or grounds management that they’ll need to pay.

As a reminder, leaseholders own a lease from the building owner to use the home for a fixed period. The freeholder, by contrast, is one who owns the building and the land it stands on outright.

Is it hard to sell a leasehold property? Read more here.

Most flats in England, and some new build houses, are leaseholds - but their popularity varies considerably by UK region.

New build leaseholds are particularly common in the North West, for example, the Greater Manchester area.

What’s included in a standard management pack?

The leasehold management pack is filled with documents that relate to the management aspects of the leasehold property.

Although it forms an essential part of the formal leasehold enquiries that a seller must provide a buyer, there is no standardised list of contents.

Still, materials included in the pack are likely to include information on:

  • Ground rents
  • Service charges (for instance, costs needed to maintain any lifts, communal stairs or hallways, parking spaces, gardens, entry systems, etc)
  • Proposed future maintenance works (also known as ‘major works’)
  • Last three years of the management company’s accounting history
  • Fire risk assessments (typically, a ‘form EWS1 External Wall Fire Review’)
  • Buildings insurance
  • Asbestos survey
  • Freeholder contact details
  • Freeholder fees, including notice or deed of covenant fees (if applicable)
  • Disputes by the leaseholder (if applicable)
  • Applications to buy the freehold (if applicable)

But depending on your specific lease or property transfer, you may require different documentation – this is where your conveyancing solicitor should be helpful.

For more information on finding a good conveyancer, check out this guide.

Who needs a leasehold management pack?

Sellers of leasehold properties are usually required to obtain an information pack from the managing agent or, if the freeholder hasn’t employed one, from the freeholder themselves. It’s not unusual for the freeholder to be the local council or a large housebuilder.

Buyers then obtain the leasehold management pack from the seller of the leasehold property or a solicitor working on the seller’s behalf.

Sometimes more than one information pack needs to be requested. This occurs when the freeholder manages the ground rent, but a separate managing agent runs and manages the freehold in return for service charges.

Who provides the information?

The information in the pack comes from the landlord, the management company, or the managing agent – or sometimes a combination of these.

Note, however, that the people or entities providing the information are not legally required to do so. As a result, delays are not uncommon at this stage.

Thinking about buying or selling property? Use our free tool to find a local estate agent today.

How much does a leasehold management pack cost?

Between £150 and £500. The party providing the pack typically charges a fee, which varies considerably, to cover the costs of compiling the information for the leaseholder.

On the upper end, the charges could be as high as £500. On the cheaper end, often in cases where the council is the freeholder, the fee could be as low as £150.

However, as noted above, there are occasions, such as when the ground rent is collected by one party and the service charge provided by a second, when two property management packs are required.

As a result of such variability, you should always call the freeholders in the early stages of the process to gain a sense of what kind of fee they expect to charge for the pack.

How long does it take to get a leasehold management pack?

Again, it depends. But expect anywhere from one week to six weeks, depending on the responsiveness of the freeholder or the managing agent.

How much
is your home worth?

It’s always worth knowing the value of your home. Discover the price of your property with an instant valuation. GetAgent tracks the figures, so you don’t have to.

How much
is your home worth?

It’s always worth knowing the value of your home. Discover the price of your property with an instant valuation. GetAgent tracks the figures, so you don’t have to.

Ready to compare agents?

It takes 2 minutes. 100% free. No obligation.

Related posts
Conveyancing
How much does a damp survey cost?
What is a damp survey and how much does it cost?
Read more
GetAgent
The Estate Agent comparison site
GetAgent Facebook iconGetAgent Twitter icon

For agents

  • Login
  • How to join

Get in touch

020 3608 6556

Our lines are closed

We are a company registered in England & Wales, company number 09428979.

Privacy policyTerms of use

Copyright © 2024 GetAgent Limited