Management Company and MUD Act Requisitions:
If the property is part of a managed development, particularly if it is an apartment, your solicitor will need to get information from the Managing Agent in the form of MUD Act Requisitions Replies. Managing Agents typically charge a fee for delivering this information, which includes up-to-date accounts, insurance policy details, budget, service charge details and house rules
If there are overdue service charges, a Management Company or its Managing Agent will frequently obtain a solicitor’s agreement before releasing MUD Act Replies.
The ‘unit owner’ is required by Section 8(3) of the Multi-Unit Developments Act 2011 to provide certain information, including his or her name, address, the names of the tenants in the unit, the details of any habitual occupiers of the unit other than tenants, and any other contact information that the Owners’ Management Company may reasonably request. Of course, the Management Company is entitled to obtain information about the new owner, and the requisitions require that a letter alerting the Management Company of the change in ownership be delivered on closing. With the buyer’s permission, the essential information can be included in this letter.
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