Part 5 - Regulation of Estate Management Section 94: Estate management: sales information requests
Under existing arrangements estate managers have discretion on the length of time they can take to provide sales information that a homeowner on a managed estate has requested, in anticipation of selling their property. There are also no restrictions on the charge the estate manager may levy to provide this information. Nor are they obliged to obtain information from other parties to meet the homeowner’s demands. There is also no enforcement mechanism for instances where sales information has not been provided.
	Section 94 provides for a homeowner on a managed estate to give a sales information request to the estate manager in anticipation of selling their property.
	Subsection (1) details that the homeowner may give the sales information request to the estate manager.
	Subsection (2) requires a "sales information request" to be set out in a specified form and given in a specified manner. It must also detail (a) that the homeowner is contemplating selling their property, (b) the sales information requested from the estate manager and (c) any other specified information.
	Subsection (3) details that a homeowner on a managed estate may request sales information only if it is information that is specified in regulations made by the appropriate authority.
	Subsection (4) confirms that the information specified by the appropriate authority under subsection (3) must: (a) relate to estate management, estate managers, estate management charges or relevant obligations; and (b) reasonably be expected to help a prospective purchaser in deciding whether to purchase the property.
	Subsection (5) confers powers on the appropriate authority to provide that a sales information request may not be given until a particular period has come to an end, or until another condition is met.
	Subsection (6) details that a reference to purchasing a dwelling is a reference to becoming an owner of the dwelling, and references to selling a dwelling are to be read accordingly. It also details a "sales information request" has the meaning given in subsection (2) and "specified" means specified in, or determined in accordance with, regulations made by the appropriate authority.
	Subsection (7) makes it clear that any statutory instrument containing regulations under this Section is subject to the negative procedure.