44. Scope of notices
When reporting notices related to use, condition, repair, and maintenance, it's important to include even minor or resolved notices. This approach demonstrates a comprehensive understanding of the property's history and provides potential buyers with a full picture.
Here's a detailed explanation of why and how to report the scope of notices:
Comprehensive disclosure | Including a broad scope of notices related to various aspects of the property, including use, condition, repair, and maintenance, ensures a comprehensive disclosure. It demonstrates your commitment to transparency and accountability in property management. |
Minor notices | Don't omit minor notices. Even if they were relatively insignificant or had minimal impact, including them provides a complete view of the property's history and your diligence in reporting all relevant information. |
Resolved notices | Include notices that have been resolved. The fact that these issues were addressed and resolved is a positive reflection on the property management's effectiveness. It also demonstrates that potential buyers or new leaseholders will inherit a well-maintained property. |
Historical context | By reporting the scope of notices, you provide potential buyers or new leaseholders with historical context. This helps them understand how the property has been managed and any challenges or improvements that have taken place. |
Legal and financial implication | Some notices may have legal or financial implications, even if they seem minor. It's advisable to consult with legal professionals, such as solicitors or conveyancers, for guidance on how to respond and comply with these notices. |
Buyer's right to information | Potential buyers have the right to be informed about the property's history and any notices or developments that may affect their purchase decision. Providing a comprehensive view of notices is both a legal requirement and an ethical practice. |
Reporting the scope of notices, including those related to use, condition, repair, and maintenance, whether minor or resolved, is crucial for transparent and accountable property management. It provides potential buyers with a full understanding of the property's history and any issues or improvements that have occurred. Consulting with legal professionals for notices with legal or financial implications is recommended.