New LPE1 Form Including Building Safety Act 2022 Requirements Launched

Posted by The Property Institute on 9th January 2023 -

Trade and representative bodies representing the legal, surveying, estate agency and property management sectors, including The Property Institute and the Conveyancing Association (CA), have today (6^th January 2023) launched an updated version of the LPE1 (Leasehold Property Enquiries) form.

Going live on 9^th January 2023, the release of the new revised form will coincide with lenders changing their policies to be able to lend on properties in remediation schemes, or those covered by leaseholder protections. The changes arise from the Building Safety Act 2022 which came into force on 28^th June this year.

Other industry bodies alongside The Property Institute are encouraging their member firms to use the new versions from this date.

This is the fourth version of the LPE1 form and includes a number of additional questions covering:

• Whether the Leaseholder Deed of Certificate has been served on the Landlord in relation to the sale of the property or remedial works required to the property?
• Whether a Landlord’s Certificate has been served?
• Where there is any outstanding enforcement action against the Landlord or accountable person (As they will be known once Part 4 of the Building Safety Act 2022 is commenced during 2023.), such as outstanding enforcement notices

The form also includes new requests for documents covering the Leaseholder Deed of Certificate, the Landlord’s Certificate, and any known enforcement action taken. Definitions for the Leaseholder Deed of Certificate and the Landlord’s Certificate have been added, plus an amendment to the definition of a Right to Manage Company.

The updated LPE1 form can be downloaded for free here and will be circulated amongst law firm stationers and CRM systems by software providers, ensuring updates by 9^th January 2023.

The ARMA Guidance Note ‘F04 – Pre-Sales Enquiries’ is currently being updated and will be circulated to members to reflect the new updates.

Further Guidance from the Government on this issue can be found here: https://www.gov.uk/guidance/mandatory-information-required-from-leaseholders-and-building-owners

Access the new LPE1 form here.

Access the FME1 form here.

 

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