Build a premium-status file for a subsidised flat
Check the flat, first assignment and actual premium/restriction records before identifying the transaction route.
Match the flat to its restriction records
Premium and alienation restrictions depend on the relevant scheme and legal documents, rather than an estate name or building age alone. Have the available records reviewed by the transaction professional.
Keep secondary-market, premium-payment and open-market questions separate. An estimate, demand, payment and removal-of-restriction document represent different stages.
Keep each record's purpose clear
Do not infer removal of restrictions.
| Item | Record | Follow-up |
|---|---|---|
| Flat | Address and scheme | Match the property |
| Deed | First assignment and relevant terms | Refer for legal review |
| Premium | Actual notices and records | Distinguish stages |
| Route | Secondary-market or other route | Check against documents |
Example: an advertisement says premium unpaid
A 'premium unpaid' description still requires the flat documents and transaction route to be checked; it does not establish that every buyer or procedure is suitable.
Document restrictions and route
- Advertising and official records are distinct
- First-assignment information is checked
- Premium stages are not conflated