Originally published 13 January 2009
The Government has announced further changes to the Home Information Pack (HIP) regime by requiring a 'Property Information Questionnaire' (PIQ) to be included for all properties marketed for sale after 5 April 2009. The PIQ will provide basic, useful information about a property including a summary of the leasehold if any and will be contained within the HIP.
In addition, the current arrangement whereby a copy of the lease is the only additional requirement in the HIP for leasehold property sales will become a permanent requirement from 1 January 2009. The temporary 'first day marketing' exemption from having to have a HIP will also be removed from 6 April 2009.
Therefore, before selling your property you must legally provide a Home Information Pack (HIP) to prospective buyers.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
