Sample questions relating to Longlands leasehold conveyancing
Expecting to complete next month on a basement flat in Longlands. Conveyancing solicitors have said that they report fully on Monday. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Longlands should include some of the following:
- How long the lease is You should be advised as what happens when the lease ends, and aware of the importance of not letting the lease term falling below eighty years
Estate agents have just been given the go-ahead to market my 2 bed apartment in Longlands.Conveyancing has not commenced but I have just had a yearly maintenance charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should clear the service charge 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. This will smooth the conveyancing process.
I am hoping to put an offer on a small detached house that appears to meet my requirements, at a reasonable figure which is making it more attractive. I have subsequently found out that the title is leasehold rather than freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Longlands. Conveyancing lawyers have not yet been appointed. Will they explain the issues?
The majority of houses in Longlands are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area can help the conveyancing process. We note that you are purchasing in Longlands so you should seriously consider looking for a Longlands conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. First you will need to check the unexpired lease term. Being a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as obtaining the freeholder’spermission to carry out changes to the property. You may also be required to pay a contribution towards the maintenance of the communal areas where the property is part of an estate. Your solicitor should report to you on the legal implications.
Do you have any advice for leasehold conveyancing in Longlands with the aim of saving time on the sale process?
- A significant proportion of the delay in leasehold conveyancing in Longlands can be reduced where you instruct lawyers the minute your agents start marketing the property and ask them to collate the leasehold documentation needed by the buyers representatives.
- If you have carried out any alterations to the property would they have required Landlord’s approval? Have you, for example installed wooden flooring? Longlands leases often stipulate that internal structural changes or laying down wooden flooring necessitate a licence issued by the Landlord approving such works. If you fail to have the consents in place do not communicate with the landlord without contacting your conveyancer in the first instance.
If all goes to plan we aim to complete the sale of our £250000 apartment in Longlands next Friday . The freeholder has quoted £408 for Landlord’s certificate, building insurance schedule and previous years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Longlands?
For most leasehold sales in Longlands conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
- Answering pre-exchange enquiries
- Where consent is required before sale in Longlands
- Supplying insurance information
- Deeds of covenant upon sale
- Registering of the assignment of the change of lessee after a sale
Having spent years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Longlands. Can we issue an application to the Residential Property Tribunal Service?
Absolutely. We can put you in touch with a Longlands conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Longlands property is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case affected 1 flat.