Selling your property - Things to remember

Whether your upsizing to accommodate your expanding family or, downsizing once the family have flown the nest, moving home can be a stressful time and with all the negotiations, paperwork and packing, it’s easy to forget about notifying Life Property Management of your impending move. 

By ensuring your solicitor notifies lpm in advance of the sale date, we can help take one element of stress away from you when selling your property.  Liaising with the solicitor and providing the necessary documentation is part of the service we provide for the resale fee detailed within our Schedule of Fees and Costs and we want to be able to finalise your account in a stress free and efficient manner.

Your solicitor has a duty to notify lpm prior to the sale of your property, to allow us to correspond with them on the:

  • sale date
  • purchaser details
  • provision of insurance documentation
  • notification of proposed works to be carried out within the development
  • required retention to be held
  • finalisation of service charge account

The sale of your property is a legal transfer of ownership therefore as part of the sale process, your solicitor will contact lpm with a standard letter confirming the sale and provide all relevant information including date of sale. 

If no resale letter is received by us from your solicitor, we would suggest you contact them to give them a reminder to notify lpm of the sale.  You will receive your final invoice at your development’s next billing period  

If a resale letter is received by us from your solicitor, your solicitor has already advised us of the sale.  You don’t need to do anything else.  You will receive your final invoice at your development’s next billing period.

A resale fee is charged to cover the time and resource involved in processing the sale of your property.  This involves corresponding with your solicitor regarding details such as outstanding sums and ongoing or potential maintenance works within your development.  The level of resale fee for each property type is detailed within the Schedule of Fees and Costs at My lpm.

If you are thinking of selling, please make your solicitor aware that lpm is the property manager for your development and ask them to contact our Client Services Team

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Registered Name: Life Property Management Ltd. Registered in Scotland SC253869. VAT Reg No 827 5010 46. Property Factor Reg No PF000203. Registered Office: 11 Somerset Place, Glasgow G3 7JT.