Sample questions relating to Billericay leasehold conveyancing
I am on look out for some leasehold conveyancing in Billericay. Before I set the wheels in motion I want to be sure as to the remaining lease term.
If the lease is recorded at the land registry - and almost all are in Billericay - then the leasehold title will always include the basic details 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.
Jane (my partner) and I may need to rent out our Billericay garden flat for a while due to a career opportunity. We used a Billericay conveyancing firm in 2001 but they have since shut and we did not think at the time get any guidance as to whether the lease allows us to sublet. How do we find out?
Some leases for properties in Billericay do contain a provision to say that subletting is only allowed with permission. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to see references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
Planning to sign contracts shortly on a leasehold property in Billericay. Conveyancing solicitors assured me that they report fully next week. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Billericay should include some of the following:
- Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, landlord
Can you offer any advice when it comes to choosing a Billericay conveyancing practice to deal with our lease extension?
If you are instructing a property lawyer for lease extension works (regardless if they are a Billericay conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We advise that you talk with two or three firms including non Billericay conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. Some following of questions could be useful:
- Can they put you in touch with client in Billericay who can give a testimonial?
Can you provide any advice for leasehold conveyancing in Billericay with the aim of speeding up the sale process?
- Much of the frustration in leasehold conveyancing in Billericay can be bypassed where you get in touch lawyers as soon as you market your property and request that they start to put together the leasehold documentation needed by the purchasers’ lawyers.
- In the event that you altered the property did you need the Landlord’s permission? In particular have you laid down wooden flooring? Billericay leases often stipulate that internal structural changes or laying down wooden flooring calls for a licence from the Landlord approving such works. Where you dont have the consents to hand do not contact the landlord without checking with your solicitor in advance.
I inherited a leasehold flat in Billericay, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Billericay with over 90 years remaining are worth £216,000. The average or mid-range amount of ground rent is £65 yearly. The lease ceases on 21st October 2083
With just 60 years remaining on your lease the likely cost is going to range between £20,900 and £24,200 as well as costs.
The figure above a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed due diligence. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.