Common questions relating to Bargoed leasehold conveyancing
Planning to sign contracts shortly on a basement flat in Bargoed. Conveyancing solicitors assured me that they are sending me a report within the next couple of days. What should I be looking out for?
The report on title for your leasehold conveyancing in Bargoed 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’m about to sell my 2 bed apartment in Bargoed.Conveyancing has not commenced but I have just had a yearly service charge invoice – Do I pay up?
It best that you pay 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. Having a clear account will assist your cause and will leave you no worse off financially.
Back In 2001, I bought a leasehold house in Bargoed. Conveyancing and TSB mortgage organised. I have received a letter from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1996. The conveyancing practitioner in Bargoed who acted for me is not around.Do I pay?
First make enquiries of HMLR to be sure that the individual purporting to own the freehold is indeed the new freeholder. It is not necessary to incur the fees of a Bargoed conveyancing solicitor to do this as you can do this on the Land Registry website for £3. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
What are your top tips when it comes to choosing a Bargoed conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a property lawyer for your lease extension (regardless if they are a Bargoed conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with several firms including non Bargoed conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions could be useful:
- How familiar is the firm with lease extension legislation?
Can you provide any top tips for leasehold conveyancing in Bargoed from the perspective of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in Bargoed can be avoided if you instruct lawyers as soon as you market your property and request that they start to collate the leasehold information which will be required by the purchasers’ lawyers.
- In the event that you altered the property did you need the Landlord’s approval? Have you, for example installed wooden flooring? Most leases in Bargoed state that internal structural changes or addition of wooden flooring necessitate a licence issued by the Landlord consenting to such works. If you fail to have the consents to hand you should not contact the landlord without checking with your conveyancer in the first instance.
Leasehold Conveyancing in Bargoed - Examples of Questions you should ask before buying
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How much is the service charge and ground rent on the property?
Best to be warned whether fixing the lift or some other significant cost is coming up to be shared amongst the tenants and could well materially impact the level of the service fees or result in a specific payment.
In the main the cost for major works tend not to be included within maintenance charges, albeit that a few managing agents in Bargoed ask leaseholders to pay into a sinking fund created for the specific intention of establishing a fund for larger repairs or maintenance.
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