Charges for "sell-on" pack

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    Charges for "sell-on" pack

    Landlord/managing agent wants to charge £150 for a "sell-on" pack also known as an "assignment pack" or "pre-assignment enquiries".

    This consists of the last three years of service charge statements, building insurance, unbilled major works, planned major works.

    With the exception of plannned major works I have all the other information to hand and don't see why I should be charged for the exception which cannot take more than 10 minutes to produce and could be reasonably thought to be costed out within the annual service charge.

    Views?

    #2
    4 things:

    1. It normally also includes answering anything up to 4 pages of questions.

    2. Very often a purchasers solicitor will not accept accounts etc. provided by the vendor, they want it from the horses mouth.

    3. Getting it wrong carries liabilities.

    4. £150 is the low side of what most agents / landords charge.

    Comment


      #3
      Agreed. The landlord/agent will be determined to make an admin charge for the sale, and has simply given examples of work to justify the charge. The actual value to you is irrelevant.

      Tulula is very correct on point 4. Some of the larger or less scrupulous organisations can charge around £400, which really is not justified for the work performed and would be worth challenging. £150 is debatable and priced to make it not worth pursuing.

      Comment

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