THIS NOTICE IS ONLY NEEDED FOR LONG LEASES AND IS NOT NEEDED FOR REGULAR ASSURED SHORTHOLD TENANCIES
Freeholders of blocks of flats that are sold on long leases (greater than 21 years) from 1st October 2007 (England) and 30 November 2007 (Wales) are required to provide a summary of rights and obligations in the form of a notice typewritten in at least 10-pt. This prescribed form must accompany any demand for a service or administration charge.
An administration charge is an amount which may be payable by the tenant as part of or in addition to the rent directly or indirectly-
- for or in connection with the grant of an approval under your lease, or an application for such approval;
- for or in connection with the provision of information or documents;
- in respect of the tenants failure to make any payment due under your lease; or
- in connection with a breach of a covenant or condition of the lease.