Frequently asked questions relating to Bartley Green leasehold conveyancing
I have recently realised that I have Sixty One years unexpired on my flat in Bartley Green. I need to extend my lease but my landlord is can not be found. What options are available to me?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the Court. You will be obliged to demonstrate that you or your lawyers have made all reasonable attempts to track down the freeholder. On the whole a specialist should be useful to carry out a search and prepare an expert document to be accepted by the court as proof that the freeholder can not be located. It is wise to seek advice from a conveyancer in relation to investigating the landlord’s absence and the application to the County Court overseeing Bartley Green.
I have just appointed agents to market my garden flat in Bartley Green.Conveyancing solicitors are to be appointed soon but I have just received a quarterly service charge demand – what should I do?
The sensible thing to do is 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 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. This will smooth the conveyancing process.
I today plan to offer on a house that appears to meet my requirements, at a reasonable price which is making it more attractive. I have just been informed that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns buying a leasehold house in Bartley Green. Conveyancing lawyers have not yet been instructed. Will they explain the issues?
The majority of houses in Bartley Green are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in Bartley Green so you should seriously consider looking for a Bartley Green conveyancing solicitor and check that they are used to dealing with leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example obtaining the landlord’spermission to conduct changes to the property. You may also be required to pay a contribution towards the upkeep of the estate where the house is part of an estate. Your solicitor will advise you fully on all the issues.
I am a negotiator for a reputable estate agent office in Bartley Green where we have experienced a few leasehold sales derailed as a result of leases having less than 80 years remaining. I have been given inconsistent advice from local Bartley Green conveyancing solicitors. Could you clarify whether the owner of a flat can instigate the lease extension formalities for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible 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.
All being well we will complete our sale of a £500000 maisonette in Bartley Green on Wednesday in a week. The managing agents has quoted £420 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is the landlord entitled to charge such fees for a flat conveyance in Bartley Green?
Bartley Green conveyancing on leasehold maisonettes typically results in fees being levied by management companies :
- Completing pre-exchange enquiries
- Where consent is required before sale in Bartley Green
- Supplying insurance information
- Deeds of covenant upon sale
- Registering of the assignment of the change of lessee after a sale
Bartley Green Conveyancing for Leasehold Flats - Examples of Queries before buying
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Is there a share of the freehold?
It is important to be aware if redecorating or some other major work is due in the near future that will be shared amongst the tenants and will dramatically increase the the service fees or result in a one off payment.
The prefered form of lease structure is where the freehold title is in the ownership of the leaseholders. In this arrangement the leaseholders enjoy control and notwithstanding that a managing agent is often retained if it is larger than a house conversion, the managing agent is directed by the tenants.
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