Top Five Questions relating to Heathfield leasehold conveyancing
There are only 72 years unexpired on my flat in Heathfield. I now wish to get lease extension but my freeholder is can not be found. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. You will be obliged to prove that you have used your best endeavours to locate the landlord. For most situations an enquiry agent should be helpful to try and locate and prepare a report which can be accepted by the court as proof that the landlord can not be located. It is advisable to get professional help from a property lawyer in relation to proving the landlord’s absence and the application to the County Court overseeing Heathfield.
Expecting to complete next month on a leasehold property in Heathfield. Conveyancing lawyers have said that they are sending me a report on Monday. What should I be looking out for?
The report on title for your leasehold conveyancing in Heathfield should include some of the following:
- The physical extent of the demise. This will be the apartment itself but might incorporate a roof space or cellar if appropriate.
Estate agents have just been given the go-ahead to market my ground floor flat in Heathfield.Conveyancing is yet to be initiated but I have just had a half-yearly service charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should clear the invoice as normal because all ground rent and service charges will be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Do you have any top tips for leasehold conveyancing in Heathfield with the purpose of speeding up the sale process?
- A significant proportion of the delay in leasehold conveyancing in Heathfield can be reduced where you get in touch lawyers the minute your agents start advertising the property and request that they start to put together the leasehold information needed by the buyers representatives.
- If you have carried out any alterations to the premises would they have required Landlord’s permission? In particular have you laid down wooden flooring? Heathfield leases often stipulate that internal structural alterations or installing wooden flooring necessitate a licence from the Landlord acquiescing to such works. Where you dont have the paperwork to hand do not communicate with the landlord without checking with your solicitor first.
We expect to complete our sale of a £275000 flat in Heathfield next week. The landlords agents has quoted £336 for Certificate of Compliance, insurance certificate and 3 years statements of service charge. Is the landlord entitled to charge such fees for a leasehold conveyance in Heathfield?
For the majority of leasehold sales in Heathfield conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
- Completing conveyancing due diligence questions
- Where consent is required before sale in Heathfield
- Supplying insurance information
- Deeds of covenant upon sale
- Registering of the assignment of the change of lessee after a sale
Heathfield Leasehold Conveyancing - A selection of Queries Prior to Purchasing
-
Many Heathfield leasehold properties will have a service bill for maintenance of the block set on behalf of the landlord. Where you buy the flat you will have to meet this liability, usually quarterly throughout the year. This can differ from a few hundred pounds to thousands of pounds for large purpose-built blocks. In all probability there will be a rentcharge to be met annual, ordinarily this is not a large figure, say about £25-£75 but you need to enquire as on occasion it could be surprisingly expensive.
Does the lease have in excess of 80 years unexpired?
Are there any major works on the horizon that could add a premium to the service costs?
Other Topics