05.05.2022
Trading Standards New Information Guidelines
Trading standards have introduced new guidelines that you need to include in property listings. It's important you comply with these new guidelines.
The new guidelines include:
- Tenure (for sales only):
If freehold you must:
disclose it as a 'freehold'
If leasehold you must:
disclose as a 'leasehold', and
List the current ground rent and any review period,
List the current service charge and any review period,
List the length of lease,
If Shared ownership then disclose details of share being sold and additional liabilities,
If Commonhold then disclose details of rights and obligations.
- Council Tax:
Disclose:
Council tax band, and
rates payable
- Price or Rent
For lettings, disclose:
The monthly rent, and
Any deposit payable
For sales, disclose:
The price expressed as a single amount