New Standard Leasehold Information Form Launched

A new form has been launched which standardises the information requested when a leasehold property is sold. The standard form, to be known as LPE1 has been backed by a wide range of industry bodies including ARMA, the Law Society and the RICS.

Law Society President, Jonathan Smithers explained: "It is important that buyers have a proper understanding of the financial commitment they are taking on when they buy leasehold property. I hope that wider use of the new version of the enquiries will assist the supply of that information in a consistent form making it easier for those representing buyers to give them the information they need."