Sample questions relating to Bedminster leasehold conveyancing
I wish to sublet my leasehold flat in Bedminster. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?
Notwithstanding that your previous Bedminster conveyancing lawyer is no longer around you can review your lease to see if it allows you to sublet the premises. The accepted inference is that if the lease is silent, subletting is permitted. Quite often there is a prerequisite that you need to obtain permission from your landlord or other appropriate person before subletting. The net result is you not allowed to sublet in the absence of first obtaining permission. Such consent should not be unreasonably withheld. If the lease does not allow you to sublet you should ask your landlord for their consent.
Planning to sign contracts shortly on a garden flat in Bedminster. Conveyancing lawyers assured me that they are sending me a report within the next couple of days. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Bedminster should include some of the following:
- You should receive a copy of the lease
I am a negotiator for a reputable estate agency in Bedminster where we have witnessed a few flat sales derailed as a result of short leases. I have been given contradictory information from local Bedminster conveyancing solicitors. Please can you shed some light as to whether the owner of a flat can instigate the lease extension formalities for the buyer?
Provided that 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 need not have to wait 2 years to extend their lease. 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 sale.
An alternative approach is to extend the lease informally by agreement with the landlord 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.
What advice can you give us when it comes to finding a Bedminster conveyancing firm to carry out our lease extension conveyancing?
When appointing a conveyancer for lease extension works (regardless if they are a Bedminster conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of work. We recommend that you speak with two or three firms including non Bedminster conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions might be useful:
- Can they put you in touch with client in Bedminster who can give a testimonial?
Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £375000 garden flat in Bedminster on Tuesday in a week. The managing agents has quoted £420 for Certificate of Compliance, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Bedminster?
For the majority of leasehold sales in Bedminster conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
- Completing pre-exchange enquiries
- Where consent is required before sale in Bedminster
- Copies of the building insurance and schedule
- Deeds of covenant upon sale
- Registering of the assignment of the change of lessee after a sale
Bedminster Leasehold Conveyancing - A selection of Questions you should consider Prior to buying
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This question is useful as a) areas may result in problems in the building as the communal areas may begin to deteriorate if repairs are not paid for b) if the leaseholders have an issue with the running of the building you will wish to have full disclosure
The prefered form of lease structure is if the freehold title is owned by the leaseholders. In this scenario the leaseholders have being in charge if their destiny and although a managing agent is often retained where the building is bigger than a house conversion, the managing agent retained by the leaseholders.
It is important to be aware if redecorating or some other major work is anticipated to be shared by the tenants and will materially increase the the service costs or require a one off payment.
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