The following Property guidance note provides comprehensive and up to date legal information covering:
Exempt information document (EID) status is personal to the original applicant. They can retain the EID designation for that particular document even after they sell the property to which the document relates (and thus can protect their legitimate commercial interests, set out in the document, from being made public). The original applicant can apply to withdraw the EID status at any time, without needing to explain why. Use Form EX3 to do this. There is no fee.
Where the seller has no ongoing commercial interest to protect, a buyer of the property may insist (in the contract) that the seller submits Form EX3 on completion. Conversely, the seller may be happy to lift the EID status with a Form EX3, but the buyer may want to keep the information secret. In this case the buyer will have to make its own EID application (with a full set of documents) and will need to do so early so that there is no gap during which the full copy of the document can be supplied. In such circumstances, it may be sensible to require the seller to notify the buyer before it submits its Form EX3.
If EID status is not withdrawn voluntarily, but
**excludes LexisPSL Practice Compliance, Practice Management and Risk and Compliance. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
Take a free trial
0330 161 1234