• New Director Of RTM Company Refusing To Sign LPE1

    By Guest on 03rd Oct 2021

    I was the director of the RTM company for my block until the end of August. The new directors do not live in the block, they only own property in the block. They don't know any information so are refusing to sign the LPE1- this is essentially making my property unsaleable- is there anyway around having to complete the form? I have a fair amount of information about the property- receipts for ground rent and service charge, a copy of the buildings insurance and details of an ongoing claim but that's about it but they won't accept this information from me as they could be held liable if it is incorrect. What else can I do? I am looking at selling to one of those companies that buys as less than market value but this would leave me £30k down- would I be able to take legal action due the financial loss suffered due to having to sell my property at a loss?

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