What is an LPE1 form and why haven’t I seen one?
An LPE1 form — short for Leasehold Property Enquiries Form 1 — is a standardised questionnaire completed by the landlord, freeholder, or managing agent when a leasehold property is being sold. It is designed to provide essential information to the buyer about how the building is managed and what charges or restrictions apply.
What does the LPE1 include?
The LPE1 form covers:
- Who manages the property – including contact details for the freeholder or managing agent.
- Service charges – how much is paid, what it covers, and any outstanding arrears.
- Ground rent – annual amount, when it is due, and whether it increases.
- Major works – planned or proposed works that may result in high costs for leaseholders.
- Insurance arrangements – including whether the building is insured and who is responsible.
- Notices and consents – such as requirements for subletting, alterations, or pets.
This form is vital in a standard transaction, as it gives the buyer clarity about financial and practical commitments under the lease.
Why haven’t you seen one?
In auction sales, the LPE1 form is often not included in the legal pack. This is usually because:
- The seller may not request it — often due to time or cost.
- Managing agents may charge a high fee (commonly £300–£600+ VAT) and take several weeks to complete it.
- Auction sellers typically want to avoid delays, so they proceed without this documentation.
- The sale is “as seen” — sellers are not obliged to provide full pre-contract enquiries.
Why this matters
Buying a leasehold flat without an LPE1 means you may have no reliable information about:
- How much you’ll pay in service charges.
- Whether there are outstanding arrears or disputes.
- Whether there are upcoming works or repair bills.
- How the building is insured and who to contact.
You may find out only after completion that you owe hundreds or even thousands of pounds in unpaid charges — or that the building has structural issues or cladding concerns.
Summary
The LPE1 form is an essential part of understanding a leasehold property — but it is commonly missing in auction sales. You are expected to buy at your own risk, without full information. At Versus Law, we always highlight when this information is absent and can assist you in requesting it post-completion if needed.