What is it and why is it important?
Megan Stubbington-Lyon, TMT Legal Services Conveyancing Executive
A Property Information Form is a one of three Law Society Standard documents and is often referred to as a TA6. Sellers are required to provide this completed form when selling a property as it includes vital information about the practical ownership of the property. Prospective buyers will rely on this information and will, likely, raise questions about the content.
What information does the Property Information Form cover?
The form is 16 pages long and covers a wide variety of topics. You will be required to provide information about a number of aspects about the property, including:-
Alterations or works carried out at the property
Guarantees and Warranties
Environmental matters such as Historical Flooding and Japanese Knotweed
Services and utilities
As the form requires a great deal of detail, it is important to take your time when filling it in, to ensure that all the information is accurate. It is also important to include all documents referred to when returning the form, as the buyers will require copies of all documents prior to exchange. If any documents are missing, it is important to note this on the form.
What should I do if I am unsure about an answer?
If you are not sure what to answer, it is very important that you do not guess or provide inaccurate information. The replies that are provided in the form are legally binding and if any information is inaccurate or dishonest, the Buyer can rely on the replies to make a claim against you should it come to light that the information is not accurate or is misleading.
If you have any doubts about what to write, you can contact your conveyancer. They will be able to provide guidance on how to fill the form out in a way that accurately reflects your knowledge and experience with the property.
What should I do if any information changes during the sale?
It is very important that you let your conveyancer know if any information changes, as they will be required to inform your buyer and their conveyancer before exchange takes place.
To conclude, the Property Information Form is perhaps one of the most useful documents to provide buyers and their conveyancers when selling a property. It is a comprehensive source of necessary information about the property being sold and provides a wealth of practical knowledge regarding the property that only you, as the seller, would know. That being said it is important to understand the weight of the information that is being given and the ramifications should the information provided not be correct.
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