What is the Property Information Form?
The Property Information Form, or TA6, is a form filled out by the vendor of a property. It is designed as a space for the vendor to provide information on the property directly to the buyer.
The property world is guided by one gleaming principle ‘caveat emptor’ or ‘let the buyer beware’. It is the responsibility of the homebuyer to seek information about the purchase they are contemplating. This is why a Conveyancing Solicitor and Home Buyers Survey are vital elements of the home buying process.
The Property Information Form streamlines the Conveyancing process. It is a standard form with a series of questions pertaining to the property.
The Property Information Form Process
- The seller’s Conveyancing Solicitor presents the form to the seller.
- Upon its completion, the seller’s Solicitor will send the form directly to the buyer.
- The buyer can then seek advice regarding its contents from their own Conveyancing Solicitor.
In this way, the Property Information Form saves the buyer significant money and effort as it provides information that the buyer would otherwise have to uncover themselves or pay a Solicitor or Surveyor to uncover.
The Property Information Form requires the seller to reveal the details in a legally binding document. If they choose not to reveal information by leaving a question blank, the buyer can reasonably enquire as to why. If the buyer is not satisfied by the seller’s response, they can choose not to proceed to sale. Further, if the seller fills out the form in a way that is dishonest or covers up important details, they may be liable for misrepresentation. The buyer then has legal recourse to claim compensation.
Information included in the Property Information Form:
- Boundaries and boundary features (i.e. fences, walls, hedges etc)
- Disputes and complaints by neighbouring owners/occupiers
- Notices and proposals
- Alterations, planning and building control
- Guarantees and warranties
- Council tax
- Environmental matters (including flooding)
- Formal and informal arrangements ( e.g. relating to access or shared use)
- Details of any occupiers
- Transaction information ( e.g. use of deposit for related transaction)
- Services (including electricity, central heating, drainage and sewerage)
- Connection to utilities and services