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Leasehold conveyancing in Newbridge is more complex than freehold. Your home move will be smoother where you choose a lawyer with a wealth of experience of leasehold conveyancing in Newbridge and throughout next step up in loc. The lawyers we recommend have been approved by your lender so use our search tool to check.

Common questions relating to Newbridge leasehold conveyancing

I have recently realised that I have Seventy years left on my flat in Newbridge. I now want to extend my lease but my landlord is can not be found. What are my options?

If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. However, you will be required to prove that you have done all that could be expected to locate the lessor. On the whole a specialist should be useful to carry out a search and to produce a report which can be used as proof that the freeholder is indeed missing. It is wise to seek advice from a solicitor in relation to proving the landlord’s disappearance and the application to the County Court covering Newbridge.

I am hoping to complete next month on a leasehold property in Newbridge. Conveyancing lawyers assured me that they report fully on Monday. What should I be looking out for?

Your report on title for your leasehold conveyancing in Newbridge should include some of the following:

  • Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, landlord
  • The total extent of the premises. This will be the apartment itself but might incorporate a roof space or cellar if applicable.
  • Does the lease prohibit wood flooring?
  • An explanation as to the provision in the lease to pay service charges - with regard to both the building, and the more general rights a leaseholder has
  • Repair and maintenance of the flat
  • The landlord’s obligations to repair and maintain the building. It is important that you know who is responsible for the repair and maintenance of every part of the building
  • Responsibility for repairing the window frames For a comprehensive list of information to be included in your report on your leasehold property in Newbridge please enquire of your conveyancer in ahead of your conveyancing in Newbridge

    • Estate agents have just been given the go-ahead to market my ground floor flat in Newbridge.Conveyancing has not commenced but I have just received a yearly maintenance charge demand – should I leave it to the buyer to sort out?

    It best that you discharge 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 managing agents will not acknowledge the buyer unless 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 a negotiator for a long established estate agent office in Newbridge where we have witnessed a number of leasehold sales put at risk as a result of short leases. I have been given contradictory information from local Newbridge conveyancing firms. Can you confirm whether the owner of a flat can initiate the lease extension process for the buyer?

    As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the disposal of the property.

    Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

    What are your top tips when it comes to appointing a Newbridge conveyancing practice to deal with our lease extension?

    When appointing a solicitor for your lease extension (regardless if they are a Newbridge conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of work. We recommend that you speak with two or three firms including non Newbridge conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions could be of use:

    • Can they put you in touch with client in Newbridge who can give a testimonial?
  • What are the costs for lease extension conveyancing?

    • Leasehold Conveyancing in Newbridge - Sample of Questions you should ask Prior to buying

      It would be sensible to find out as much as possible about the managing agents as they will impact your use and enjoyment of the property. As the owner of a leasehold property you will be at the mercy of the managing agents from a financial perspective and when it comes to daily issues like the upkeep of the communal areas. Enquire of other tenants whether they are happy with them. Finally, investigate as to the dates that you are obliged pay the service charge to the managing agents and precisely how they are spending that money. Make sure you investigate if there are any onerous restrictions in the lease. For instance plenty of leases prohibit pets being permitted in certain buildings in Newbridge. If you love the propertyin Newbridge but your cat can’t move with you then you will be presented with a difficult choice. Are any of leasehold owners in dispute over their service charge liability?

    Other Topics

    Lease Extensions in Newbridge