FREEHOLD MANAGEMENT ENQUIRIES FME1
Property: Post Code:
Seller:
UPRN:
(if known)
These enquiries are asked on behalf of buyers. The Seller should only respond to these enquiries if they
are the Rentcharge Owner, Management Company or the Managing Agent or are the appointed
representative for any of them. It is assumed the legal representatives of the parties have read the
relevant Transfer.
TERM DEFINITION
Service Charge The amount payable either as the result of the operation of
enfranchisement through the Leasehold Reform Act 1967 or the
Leasehold Reform Housing and Urban Development Act 1993 or by the
terms of the Transfer and as is permitted under the Rentcharges Act
1977 which can be summarised as being either (a) a nominal fixed
amount required to make the covenants by the Transferee (and their
successors in title) in the Transfer enforceable by the Rentcharge Owner
or (b) the amount payable by an Owner as a contribution to the costs of
services, repairs, maintenance, insurance, improvements or costs of
management etc. as set out in the Transfer. This is sometimes known as
a variable rentcharge or service charge.
Estimated Service The amount calculated by the Management Company or Rentcharge
charge Owner under the terms of the Transfer as representing a payment on
account of the Service charge for the current financial year where the
actual Service charge will not be known until publication of the relevant
year end Service charge or rentcharge accounts.
Leasehold Owners The owners of long residential or commercial leases with rights to use the
Managed Areas.
Managed Area The communal areas or facilities managed by or on behalf of the
Rentcharge Owner and/or Management Company under the terms of the
Transfer. Managed Areas are sometimes also called common parts.
Management Company A management company referred to in the Transfer, a Right to Manage
Company or Residents Management Company, authorised to provide
services and administer the terms of the Transfer either directly or through
Managing Agents.
Managing Agent A person or organisation which acts on behalf of the Management
Company or Rentcharge Owner [within their terms of reference, subject
to any legal restrictions].
Property The property known by the above address, including any land and
outbuildings owned by the Seller.
Owners The owners of properties entitled to use the Managed Area.
Rentcharge Owner The person to whom the Service charge is payable under the terms of the
Transfer and who may be required to provide services and administer the
terms of the Transfer either directly or through a Managing Agent.
Laserform International 10/21 Second Edition 2021Page 1