Leasehold Conveyancing in Aston Clinton - Get a Quote from the leasehold experts approved by your lender

While any conveyancing practice can theoretically deal with your leasehold conveyancing in Aston Clinton, your mortgage provider may unwilling to work with them if the firm are not on their list of approved solicitors for conveyancing

Aston Clinton leasehold conveyancing: Q and A’s

I am on look out for some leasehold conveyancing in Aston Clinton. Before diving in I require certainty as to the remaining lease term.

If the lease is registered - and almost all are in Aston Clinton - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title.For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I only have Fifty years remaining on my lease in Aston Clinton. I now wish to extend my lease but my freeholder is absent. What options are available to me?

On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. You will be obliged to prove that you have made all reasonable attempts to find the lessor. For most situations an enquiry agent would be useful to try and locate and to produce an expert document to be used as evidence that the freeholder can not be located. It is advisable to get professional help from a property lawyer in relation to devolving into the landlord’s absence and the vesting order request to the County Court overseeing Aston Clinton.

Looking forward to complete next month on a studio apartment in Aston Clinton. Conveyancing lawyers inform me that they will have a report out to me tomorrow. Are there areas in the report that I should be focusing on?

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

  • You should receive a copy of the lease
  • The total extent of the property. This will be the property itself but might incorporate a loft or cellar if applicable.
  • Does the lease prohibit wood flooring?
  • Whether the lease restricts you from subletting the property, or having a home office for business
  • Ground rent - how much and when you need to pay, and also know whether this is subject to change
  • 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 details of the information to be included in your report on your leasehold property in Aston Clinton please ask your lawyer in advance of your conveyancing in Aston Clinton

  • I am employed by a reputable estate agent office in Aston Clinton where we see a number of leasehold sales jeopardised as a result of short leases. I have been given contradictory information from local Aston Clinton conveyancing firms. Could you confirm whether the seller of a flat can start the lease extension process for the purchaser on completion of the sale?

    As long as the seller has been the owner 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. This means that the buyer can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with 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 buyer.

    Can you offer any advice when it comes to appointing a Aston Clinton conveyancing practice to carry out our lease extension conveyancing?

    If you are instructing a solicitor for lease extension works (regardless if they are a Aston Clinton conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We advise that you speak with several firms including non Aston Clinton conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions might be of use:

    • What volume of lease extensions has the firm conducted in Aston Clinton in the last year?
  • Can they put you in touch with client in Aston Clinton who can give a testimonial?

  • Aston Clinton Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to buying

      Please note that where the lease has fewer than 80 years it will impact the salability of the property. It is worth checking with your mortgage company that they are content with residual term of the lease. A short lease means that you will most likely require a lease extension sooner rather than later and it is worth discovering what this would cost. Remember, in most cases you will be required to have been the owner of the property for two years before you are entitled to extend the lease. The answer will be useful as a) areas could cause problems in the building as the communal areas may start to deteriorate where repairs remain unpaid b) if the tenants have an issue with the running of the building you will want to have full disclosure What prohibitions are there in the Aston Clinton Lease?

    Other Topics

    Lease Extensions in Aston Clinton