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Factsheet 4 -Required HIP contents - commonholds 

 

Required HIP contents – commonholds

This Fact sheet is up to date at January 2009

The contents of the HIP, both compulsory (Required) and voluntary (Authorised), are set out in the regulations contained in Statutory Instrument 2007 No 1667 as varied by a number of amending statutory instruments.

For a commonhold property, there are further Required documents and information in addition to those required for all properties (see fact sheet 2).

These are: 

An official copy of the register and title plan to the common parts

An official copy of the commonhold community statement (CCS)

Any regulations, except those in the CCS, that affect the property or building of which it forms part

Most recent request for commonhold assessment, reserve funds or insurance relating to the previous 12 months

Name and address of the managing agents for the commonhold

Any amendments proposed to the CCS, the memorandum or articles of the commonhold association company and the regulations referred to above

Summary of works being carried out or planned

The information that is ‘Required’ for a commonhold property in addition to the general ‘Required’ documents is only what the seller can

a) reasonably be expected to know about;

b) reasonably be expected to have; or

c) reasonably be expected to obtain.

Owners of commonhold properties are advised to retain all information, demands etc they receive from the commonhold association or managing agents. Otherwise they may need to obtain copies for which an additional charge might be made.  This could also cause delay in compiling the HIP.
   
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