Recently asked questions relating to Wendover leasehold conveyancing
I would like to rent out my leasehold flat in Wendover. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?
Some leases for properties in Wendover do contain a provision to say that subletting is only allowed with permission. The landlord is not entitled to unreasonably withhold but, in such cases, they would need to review references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
Planning to complete next month on a garden flat in Wendover. Conveyancing lawyers have said that they report fully next week. What should I be looking out for?
Your report on title for your leasehold conveyancing in Wendover should include some of the following:
- Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, freeholder
I today plan to offer on a house that appears to tick a lot of boxes, at a reasonable figure which is making it all the more appealing. I have since discovered that the title is leasehold rather than freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Wendover. Conveyancing advisers have are soon to be instructed. Will my lawyers set out the implications of buying a leasehold house in Wendover ?
The majority of houses in Wendover are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are purchasing in Wendover in which case you should be shopping around for a Wendover conveyancing solicitor and check that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a leaseholder you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as requiring the freeholder’spermission to conduct alterations. It may be necessary to pay a maintenance charge towards the maintenance of the communal areas where the property is part of an estate. Your lawyer should advise you fully on all the issues.
Back In 2005, I bought a leasehold house in Wendover. Conveyancing and HSBC Bank mortgage are in place. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing practitioner in Wendover who acted for me is not around.Do I pay?
First make enquiries of HMLR to be sure that this person is indeed the registered owner of the freehold reversion. You do not need to instruct a Wendover conveyancing lawyer to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I am attracted to a couple of flats in Wendover which have in the region of 50 years unexpired on the leases. Will this present a problem?
A lease is a right to use the property for a period of time. As the lease shortens the saleability of the lease decreases and results in it becoming more expensive to acquire a lease extension. For this reason it is generally wise to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We advise that you seek professional help from a solicitor and surveyor with experience in this area
Leasehold Conveyancing in Wendover - A selection of Questions you should ask Prior to Purchasing
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Its a good idea to discover as much as possible concerning the company managing the block as they can either make life much simpler or problematic. Being a leasehold owner you will be at the mercy of the managing agents both financially and when it comes to practical issues like the upkeep of the communal areas. Enquire of other people what they think of their management. Finally, find out the dates that you are obliged pay the maintenance charge to the appropriate party and precisely what it includes.
It is important to be aware if a new roof is being put on or some other major work is due in the foreseeable future that will be shared amongst the leasehold owners and could well dramatically increase the the maintenance fees or necessitate a specific payment.
How many of the leaseholders are in arrears for their service charge payments?
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