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The latest paragraphs for you to consider including in your CQS CPMS Policy.

Text for CQS CPMS Policy

CQS Policy: Ground Rents and Onerous Clauses

Purchase this policy: Purchase of a Leasehold policy

Change date
20/02/2025
Word count
321
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 practical and financial implications matters including ground rents. 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

It is essential that clients receive appropriate advice on onerous clauses in leases. Clients rely on fee earner advice on legal documents to enter into legal transactions. This includes ensuring …

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WhenIBought is a Lexsure service for homeowners who discover an issue when selling or remortgaging and wonder what was known, investigated or explained at the time of purchase. It offers a conversation about what happened and, where the records allow, what lenders required at the time. It does not determine whether anyone was at fault.

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