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Makes available the latest paragraphs for you to consider including in your CQS CPMS Policy.
text for CQS CPMS Policy:
CQS Policy: Financial Implications of Leasehold
Change Date : 28/09/2023 | Word Count: 173 | Deployment Measure : 9/10
Rationale:
S.5.16 requires practices to have a policy in relation to acting in a purchase of a leasehold property. The policy must cover advice on financial implications matters such as remaining lease term and key information which may be appropriate to the particular lease. As stated in the guidelines this area would also be expected via the overarching obligations as set out in the 8.6 of the SRA Code for Solicitors
Fee earners are expected to advise fully on those matters which may affect the value of the property and information about the period of rent review, service charges, and any arrangements for transfer of ownership.
Where the length of the