LPE1 for Resident Management Companies
A Resident Management Company (RMC) is responsible for managing its building, which means it is also responsible for answering the LPE1 when a flat is sold. Here is what that involves.
The RMC's role when a flat is sold
As the company that manages the building, the RMC holds the information a buyer's conveyancer needs. When a sale starts, the request for a management pack comes to the RMC — in practice, to its directors — who answer the LPE1 from the company's records.
What the RMC needs to hand
The insurance schedule, service charge accounts and budget, the reserve fund position, the fire risk assessment, works records, and the company's own documents. See our checklist of the documents needed for an LPE1 for the full list.
The recurring problem — and the fix
Most RMCs handle director handover informally, so institutional memory tends to leave with the outgoing committee. That is why so many packs start from nothing. A standing building record — owned by the company, not by an individual director — solves it structurally: handover becomes granting access, not excavating an inbox.
Don't want to work through every document by hand? Upload the records you already hold and let Peppercorn One identify the LPE1 answers for you to review.
Peppercorn One gives your RMC a permanent, shared record of the building. The first pack builds it; every pack after that starts substantially pre-filled and is reviewed rather than rebuilt.
Frequently asked questions
- Is an RMC responsible for the LPE1?
- Where the RMC manages the building without an agent, yes — it holds the management information, so it answers the LPE1, usually through its directors.
- Does an RMC have to use a managing agent for the LPE1?
- No. An RMC can complete the LPE1 itself.
Peppercorn One provides administrative tools and guidance to assist with the preparation of management information. It does not provide legal advice. Users remain responsible for reviewing and approving all information before it is issued.