Buying and selling map
The commercial problem is not just price. It is hidden governance risk surfacing late in conveyancing.
Find structure
Freeholder, RMC, RTM, head leaseholder and managing agent chain.
Read lease
Term, ground rent, service charge, consents, restrictions.
Test charges
Budgets, accounts, arrears, reserve funds and major works.
Check sale pack
LPE1 replies, insurance, disputes, consents and notices.
Price risk
Retentions, delay risk, short lease risk and unresolved works.
LPE1 risk matrix
The LPE1 is not paperwork admin. It is a record-keeping diagnostic. Slow or vague answers reveal operational weakness.
| LPE1 area | Good signal | Bad signal | Commercial impact |
|---|---|---|---|
| Service charge accounts | Recent, reconciled, certified where required | Missing, late, unexplained deficit | Retention, delay, price challenge |
| Major works | Clear consultation record and funding plan | Rumours, vague reserve fund use | Buyer fear, lender queries |
| Disputes | Defined matter, status and route | Open-ended conflict | Sale friction |
| Consents | Documented licences and permissions | Historic alterations undocumented | Indemnity or regularisation |
Buyer and seller checklist
Do not wait for the solicitor to discover obvious defects. Pre-package your evidence.
Buyer pack
- Lease and variations
- Last three years accounts
- Current budget and demand
- Insurance summary
- Major works notices
- Governance chain diagram
Seller pack
- LPE1 readiness file
- Consents and licences
- Dispute disclosure note
- Arrears and balancing charges
- Retention risk schedule
- Lease extension risk note
Reference status
This is the law and standards radar. The operational trap is treating proposed reforms as live law. Do not do that.
| Reference | What it tells you | Status | Use on this site |
|---|---|---|---|
| Leasehold dwellings in England source | 4.90m estimated dwellings, 20% of stock | In force evidence base | Official statistics 2024 to 2025 |
| RICS Service Charge Residential Management Code source | 4th edition effective from 7 April 2026 | In force from 7 Apr 2026 | Approved by Secretary of State |
| Leasehold and Freehold Reform Act 2024 source | Some sections commenced, others await commencement | Partly in force | Check legislation.gov.uk status by section |
| Two-year ownership rule removed source | Lease extension and enfranchisement claims no longer need two years of ownership | In force since Jan 2025 | Government leasehold toolkit |
| Draft Commonhold and Leasehold Reform Bill source | Ground rent cap, commonhold reform, forfeiture replacement proposed | Not yet in force | Draft legislation, not enacted as at page date |
| TPI / ARMA standards source | Professional standards for member managing agents | Professional standard | Membership rules, not universal statute |
- Leasehold dwellings in England · Official statistics 2024 to 2025
- RICS Service Charge Residential Management Code · Approved by Secretary of State
- Leasehold and Freehold Reform Act 2024 · Check legislation.gov.uk status by section
- Two-year ownership rule removed · Government leasehold toolkit
- Draft Commonhold and Leasehold Reform Bill · Draft legislation, not enacted as at page date
- TPI / ARMA standards · Membership rules, not universal statute
Page status: public information, governance orientation and operational triage. Not legal advice, not claims management, not a substitute for professional advice.
Need this converted into a toolkit?
Email hello@intellilease.co with the page name, governance pattern, building type and whether the need is buying, ownership, governance, improvement or dispute preparation.