Leasehold Enquiry Information Forms - a Guide for Selling Agents

£40.00

1.5 Hours Formal CPD

Advising potential buyers with confidence on what they can expect when acquiring a leasehold property is vital – without this knowledge you may face claims for mis-description and risks to your business brand

Upcoming Classes

Course information

Maximising the attractiveness of a flat when marketing to a buyer is an essential skill for the selling agent.

Knowing about the contents of the revised Residential Leasehold Property Enquiries Questionnaire (LPE1) and the new Buyers Leasehold Information Summary (LPE2) will enable you to speak knowledgeably to your customers and reduce the potential for misunderstandings.

From the basic definitions to the documents a buyer of a leasehold property can expect to receive, gain the basic information needed to help your customers understand what they are taking on by becoming a leaseholder.

Avoid claims of mis-description and risks to your business by ensuring you have the necessary knowledge to ensure a smooth transaction. This class is ideal for those looking to consolidate their knowledge or learn from scratch

Course Content

  • The purpose and importance of the forms
  • The main definitions
  • Contact details
  • Ground Rent and Service Charges
  • Buildings  Insurance
  • Disputes and Enfranchisment
  • Required Documents
  • Costs associated with the purchase
  • Regular and additional payments during ownership
  • Who should complete the form

Structure

*activities, case studies, etc.

Why attend this course?

It is essential for all estate agents to understand leasehold sales and their implications. The Ombudsman guidance is now seeking more knowledge and understanding and this is a good course to give the guidance.

Who should attend?

Suitable for residential estate agents, residential letting agents, surveyors, valuers

 

Learning outcomes

  • Explain the key information a buyer of a lease should know
  • Describe at a high level the key documents the buyer should receive
  • Explain the main risks to the buyer’s enjoyment of their property
  • Identify the main financial obligations the buyer is taking on
  • Additional information

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