Examples of recent questions relating to leasehold conveyancing in Aberbargoed
I wish to let out my leasehold apartment in Aberbargoed. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for their consent?
Some leases for properties in Aberbargoed do contain a provision to say that subletting is only allowed with permission. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to see 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.
I am hoping to exchange soon on a basement flat in Aberbargoed. Conveyancing solicitors assured me that they report fully within the next couple of days. What should I be looking out for?
The report on title for your leasehold conveyancing in Aberbargoed should include some of the following:
- The length of the lease term You should be advised as what happens when the lease expires, and informed of the importance of the 80 year mark
I own a leasehold house in Aberbargoed. Conveyancing and Godiva Mortgages Ltd mortgage are in place. I have received a letter from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1991. The conveyancing solicitor in Aberbargoed who acted for me is not around.What should I do?
First contact HMLR to be sure that this person is in fact the new freeholder. It is not necessary to instruct a Aberbargoed conveyancing solicitor to do this as it can be done on-line for less than a fiver. You should note that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I am a negotiator for a long established estate agency in Aberbargoed where we have experienced a number of flat sales derailed due to short leases. I have been given inconsistent advice from local Aberbargoed conveyancing firms. Please can you clarify whether the vendor of a flat can commence the lease extension process for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
An alternative approach is 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 purchaser.
Can you provide any advice for leasehold conveyancing in Aberbargoed from the point of view of saving time on the sale process?
- Much of the delay in leasehold conveyancing in Aberbargoed can be bypassed where you get in touch lawyers the minute your agents start advertising the property and request that they start to collate the leasehold information needed by the buyers conveyancers.
- If you have carried out any alterations to the premises would they have required Landlord’s approval? Have you, for example laid down wooden flooring? Aberbargoed leases often stipulate that internal structural changes or installing wooden flooring require a licence from the Landlord approving such changes. Should you fail to have the approvals to hand you should not communicate with the landlord without contacting your solicitor in the first instance.
Aberbargoed Leasehold Conveyancing - Examples of Questions you should consider before buying
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Who are the managing agents?
How much is the ground rent and service charge?
It is important to be aware whether changing the roof or some other major work is due in the near future that will be shared between the tenants and will materially increase the the service charges or necessitate a one off payment.
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