New forms to drive better up front information
Conveyancing trade and industry bodies The Conveyancing Association, The Law Society, CILEX, and the Society of Licenced Conveyancers have thrown their weight behind new versions of LPE1, LPE2 and FME1 forms which are to be launched from 11th January 2022
14 trade and representative bodies, from across the legal, surveying, estate agency and property management sectors, have all backed the launch of updated versions of the LPE1 (Leasehold Property Enquiries), LPE2 (Consumer summary) and FME1 (Freehold Management Enquiries) forms.
The updated forms now include the UPRN of the property with the updated form fields included within the pdfs. These versions of the forms ask administrators whether they can accept service of notice by email and receive the payments via the banking system to enable more efficiency in the process.
This is the third version of the LPE1 form with a number of new additional questions and amendments made. For example, it establishes whether there are any restrictions on keeping pets or parking.
The form also asks whether a fire safety or an external fire wall assessment has been undertaken, and whether there are urgent works required as a result. It is hoped this will allow those marketing the property to identify material facts around cladding more easily. A portal to access external wall system reviews has been created by the Fire Institute Association; the Building Safety Portal.
The Freehold Management Enquiries (FME1) form is on its second version and contains a number of additional questions including who deals with the deed of covenant, on contributions to the service charge, and access to insurance.
The forms can be downloaded for free from the trade/representative bodies’ websites and are also available via the law firm stationers from today so that any systems using the forms or pre-populating the forms can be updated by 11th January 2022.
Beth Rudolf, Director of Delivery at the Conveyancing Association, commented:
“The industry has committed to ensuring the forms are up to date and continually assessed to make sure they ask for all the necessary information. These new iterations of the forms do just that, and particularly in light of the ongoing issues many leaseholders are having with their building’s fire safety, it is clearly very important that all stakeholders have full upfront and transparent information on this aspect of the property. We’ll continue to review these forms to make sure they are fit for purpose going forward and in particular as their becomes greater clarity over the need for external wall assessments and access to them.”
Nigel Glen, CEO of the Association of Residential Managing Agents (ARMA) added:
“We are pleased with the comprehensive additions to the forms, in particular the addition of the (usually belated and highly emotive) matter of pets and the LPE1’s request for information on building safety. We hope the latter will help towards freeing up leaseholders to sell on properties where the fire risk is minimal. We also welcome the addition of the UPRN field as a means of encouraging its adoption across the residential building stock, the benefits of which have long been known.”
Law Society president I. Stephanie Boyce added
“We are pleased to see the launch of the new versions of these important property forms.”
“Making key information about a property available to consumers and those who work in the conveyancing system is beneficial in terms of identifying any potential issues at an early stage and speeding up property transactions.”
“The updated LPE1 form should allow for crucial information about fire safety and any urgent remediation work required to be identified as soon as possible.”