In 2017 nine industry bodies joined forces to produce short, consumer guides about leasehold. A mini-series of 6 free guides set out ‘who is who’ in leasehold ownership and explains the basics to buyers and owners of leasehold properties.
Buyers and owners of leasehold properties are not clear how leasehold works and who is responsible for what. IRPM, in conjunction with other organisations have written simple, practical guides for consumers so they can make informed decisions when buying and living in their leasehold homes. Each sheet comes with a helpful glossary of terms to help de-mystify the tenure.
New buyers of leasehold properties are encouraged to download the guides. Estate agents should find them particularly useful to hand out to potential buyers, helping the agent to comply with the Consumer Protection Regulations, where they are required by law to provide ‘material information’ to buyers at the earliest opportunity.
The six guides are: