Fixed-fee leasehold conveyancing in Bargoed:

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Bargoed leasehold conveyancing: Q and A’s

I am in need of some leasehold conveyancing in Bargoed. Before I set the wheels in motion I would like to find out the remaining lease term.

Assuming the lease is registered - and 99.9% are in Bargoed - 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.

Looking forward to complete next month on a studio apartment in Bargoed. Conveyancing solicitors inform me that they report fully tomorrow. Are there areas in the report that I should be focusing on?

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

  • The physical extent of the premises. This will be the property itself but might include a roof space or basement if appropriate.
  • Does the lease require carpeting throughout thus preventing wood flooring?
  • Ground rent - how much and when you need to pay, and also know whether this will change in the future
  • You should have a good understanding of the insurance provisions
  • The landlord’s rights to access the flat you be made aware that your landlord has rights of access and I know how much notice s/he must provide.
  • 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
  • What the implications are if you breach a clause of your lease? For a comprehensive list of information to be contained in your report on your leasehold property in Bargoed please ask your solicitor in advance of your conveyancing in Bargoed

    • Estate agents have just been given the go-ahead to market my 2 bed apartment in Bargoed.Conveyancing has not commenced but I have just received a half-yearly maintenance charge demand – Do I pay up?

    Your conveyancing lawyer is likely to suggest that you should pay 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.

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

    When appointing a solicitor for lease extension works (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 work. We suggested that you talk with two or three firms including non Bargoed conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions could be helpful:

    • How familiar is the practice with lease extension legislation?
  • Can they put you in touch with client in Bargoed who can give a testimonial?

    • Do you have any advice for leasehold conveyancing in Bargoed with the intention of speeding up the sale process?

    • Much of the frustration in leasehold conveyancing in Bargoed can be bypassed where you instruct lawyers the minute you market your property and request that they start to put together the leasehold documentation which will be required by the purchasers’ solicitors.
    • If you have carried out any alterations to the residence would they have required Landlord’s approval? Have you, for example laid down wooden flooring? Bargoed leases often stipulate that internal structural alterations or laying down wooden flooring calls for a licence from the Landlord consenting to such works. Should you fail to have the approvals in place do not contact the landlord without contacting your conveyancer in advance.
  • Some Bargoed leases require Licence to Assign from the landlord. If this applies to your lease, you should notify your estate agents to make sure that the purchasers put in hand bank and professional references. Any bank reference will need to confirm that the buyers are able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the purchasers or their solicitors.
  • If you have the benefit of shareholding in the Management Company, you should ensure that you hold the original share document. Obtaining a new share certificate is often a time consuming process and frustrates many a Bargoed home move. If a duplicate share is necessary, you should approach the company officers or managing agents (if applicable) for this at the earliest opportunity.
  • You may think that you are aware of the number of years remaining on your lease but it would be wise to verify this by asking your lawyers. A purchaser's lawyer will be unlikely to recommend their client to proceed with the purchase of a leasehold property the lease term is under 75 years. In the circumstances it is important at an early stage that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale.

    • Leasehold Conveyancing in Bargoed - A selection of Queries before buying

      How many years remain on the lease? Its a good idea to discover as much as you can about the company managing the building as they will either make life much easier or much more difficult. Being a leasehold owner you will be at the mercy of the managing agents both financially and when it comes to practical matters like the upkeep of the common parts. Ask other people what they think of their service. In conclusion, be sure you discover the dates that you are obliged pay the service charge to the managing agents and precisely what it includes. Is the freehold owned collectively by the leaseholders?

    Other Topics

    Lease Extensions in Bargoed