Questions and Answers: Biddulph leasehold conveyancing
There are only 68 years unexpired on my flat in Biddulph. I now wish to extend my lease but my landlord is absent. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply 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. However, you will be required to demonstrate that you or your lawyers have used your best endeavours to locate the freeholder. In some cases an enquiry agent would be helpful to conduct investigations and prepare an expert document to be accepted by the court as evidence that the landlord is indeed missing. It is wise to seek advice from a conveyancer both on investigating the landlord’s absence and the vesting order request to the County Court overseeing Biddulph.
I am employed by a reputable estate agency in Biddulph where we have experienced a number of leasehold sales jeopardised as a result of leases having less than 80 years remaining. I have been given contradictory information from local Biddulph conveyancing firms. Can you confirm whether the vendor of a flat can instigate the lease extension formalities for the buyer?
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 proposed purchaser 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 has to be done 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 appointing a Biddulph conveyancing practice to deal with our lease extension?
When appointing a conveyancer for your lease extension (regardless if they are a Biddulph conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you make enquires with several firms including non Biddulph conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. Some following of questions could be of use:
- If they are not ALEP accredited then what is the reason?
Do you have any advice for leasehold conveyancing in Biddulph from the point of view of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Biddulph can be bypassed if you get in touch lawyers the minute you market your property and request that they start to collate the leasehold information needed by the purchasers’ conveyancers.
- If you have carried out any alterations to the property would they have required Landlord’s consent? Have you, for example installed wooden flooring? Biddulph leases often stipulate that internal structural alterations or installing wooden flooring require a licence from the Landlord acquiescing to such works. Where you dont have the approvals to hand you should not contact the landlord without checking with your conveyancer in the first instance.
If all goes to plan we aim to complete the disposal of our £425000 garden flat in Biddulph next week. The managing agents has quoted £300 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is the landlord entitled to charge such fees for a leasehold conveyance in Biddulph?
Biddulph conveyancing on leasehold flats normally results in fees being invoiced by managing agents :
- Completing pre-contract questions
- Where consent is required before sale in Biddulph
- Copies of the building insurance and schedule
- Deeds of covenant upon sale
- Registering of the assignment of the change of lessee after a sale
Leasehold Conveyancing in Biddulph - Examples of Questions you should ask Prior to buying
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Be sure to discover if there is anything that is prohibited in the lease. For example it is very common in Biddulph leases that pets are not allowed in certain buildings in Biddulph. If you love the propertyin Biddulph but your cat can’t live with you then you will be faced difficult decision.
In the main the outlay for major works tend not to be built into the maintenance charges, albeit that some managing agents in Biddulph require tenants to contribute towards a sinking fund and this is used to offset against larger repairs or maintenance.
Are any of leasehold owners in dispute over their service charge payments?
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