What are Cpse 3 Enquiries?

3 (version 3.1) Supplemental pre-contract enquiries for commercial property on the grant of a new lease. CPSE. 3 is part of the Commercial Property Standard Enquiries suite of documents, prepared by members of the London Property Support Lawyers Group and endorsed by the British Property Federation.

What are Cpse 1 Enquiries?

The Commercial Property Standard Enquiries (CPSEs) were introduced in October 2002 with the aim of speeding up commercial property transactions for lawyers, and more importantly, clients. Form CPSE 1 is designed to cover all commercial property transactions, whether freehold or leasehold, vacant or tenanted.

What is Cpse in property?

CPSEs are a standard set of enquiries which draw out detailed information about the property. When providing replies to CPSEs, up to date and accurate information must be given or the buyer may be able to: (a) abort the transaction if it has not completed; or.

What is a Cpse 2?

CPSE.2 (version 3.4) Supplemental pre-contract enquiries for property subject to tenancies for commercial use. ​ Conditions. This document may be used free of charge subject to the Conditions set out in GN/CPSE (version 3.3) Guidance notes on the Commercial Property Standard Enquiries.

Is the commercial property standard enquiries ( CPSE ) 3 free?

Use of this document is free, subject to the Conditions in GN/CPSE (version 3.3). This document is part of the Commercial Property Standard Enquiries (CPSE) suite of documents, prepared by members of the London Property Support Lawyers Group and endorsed by the British Property Federation.

Which is the latest version of CPSE 3?

For details of changes made between this document and its previous version, see Legal update, New versions of CPSE.1, 2, 3 and 6 issued. For the PDF version of this document click here. For the Word version of this document click here.

Can a CPSE document be used free of charge?

This document may be used free of charge subject to the Conditions set out in GN/CPSE (version 3.3) Guidance notes on the Commercial Property Standard Enquiries. Lease: means the lease proposed to be granted by the Seller to the Buyer on completion of the Transaction.

When to use CPSE 4.2 supplemental pre-contract enquiry?

Enquiry 4.2 This enquiry is raised because of the uncertain status of a lease, and therefore of the tenant, where the lease has been forfeited but before any resolution of any application for relief.