Guaranteed fixed fees for Leasehold Conveyancing in Bishopston

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Examples of recent questions relating to leasehold conveyancing in Bishopston

I am intending to sublet my leasehold flat in Bishopston. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for permission?

Notwithstanding that your last Bishopston conveyancing lawyer is not available you can review your lease to see if you are permitted to let out the premises. The rule is that if the lease is non-specific, subletting is allowed. There may be a precondition that you need to obtain permission from your landlord or some other party in advance of subletting. The net result is that you cannot sublet in the absence of prior permission. Such consent should not be unreasonably refused ore delayed. If the lease does not allow you to sublet you should ask your landlord for their consent.

Planning to sign contracts shortly on a leasehold property in Bishopston. Conveyancing lawyers inform me that they report fully on Monday. What should I be looking out for?

The report on title for your leasehold conveyancing in Bishopston should include some of the following:

  • You should receive a copy of the lease
  • How long the lease is You should be advised as what happens when the lease ends, and informed of the importance of the 80 year mark
  • Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, freeholder
  • Setting out your legal entitlements in respect of the communal areas in the block.By way of example, does the lease grant a right of way over a path or staircase?
  • Are pets allowed in the flat?
  • An explanation as to the provision in the lease to pay service charges - with regard to both the building, and the more general rights a leaseholder has
  • What the implications are if you breach a clause of your lease? For details of the information to be included in your report on your leasehold property in Bishopston please enquire of your conveyancer in ahead of your conveyancing in Bishopston

    • Estate agents have just been given the go-ahead to market my ground floor apartment in Bishopston.Conveyancing lawyers have not yet been instructed but I have just received a quarterly service charge invoice – Do I pay up?

    It best that you 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. Having a clear account will assist your cause and will leave you no worse off financially.

    Back In 2009, I bought a leasehold flat in Bishopston. Conveyancing and National Westminster Bank mortgage are in place. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1997. The conveyancing solicitor in Bishopston who acted for me is not around.What should I do?

    First make enquiries of HMLR to make sure that this person is indeed the new freeholder. It is not necessary to incur the fees of a Bishopston conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

    I am a negotiator for a busy estate agency in Bishopston where we have experienced a few leasehold sales derailed due to leases having less than 80 years remaining. I have been given contradictory information from local Bishopston conveyancing solicitors. Can you clarify whether the vendor of a flat can instigate the lease extension process 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 kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the sale.

    An alternative approach is 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.

    Bishopston Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing

      In the main the cost for major works tend not to be incorporated into the service charges, albeit that there some managing agents in Bishopston require leaseholders to pay into a sinking fund created for the specific purpose of establishing a fund for larger works. Does the lease have in excess of 80 years unexpired? How much is the ground rent and service charge?

    Other Topics

    Lease Extensions in Bishopston