I am on look out for some leasehold conveyancing in Blaenau Ffestiniog. Before diving in I want to be sure as to the remaining lease term.

Assuming the lease is registered - and most are in Blaenau Ffestiniog - then the leasehold title will always include the short particulars 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.

Estate agents have just been given the go-ahead to market my garden apartment in Blaenau Ffestiniog.Conveyancing solicitors are to be appointed soon but I have just received a half-yearly service charge demand – what should I do?

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 unless 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 own a leasehold flat in Blaenau Ffestiniog. Conveyancing and TSB mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1991. The conveyancing practitioner in Blaenau Ffestiniog who acted for me is not around.Any advice?

First contact the Land Registry to make sure that this person is indeed the new freeholder. There is no need to instruct a Blaenau Ffestiniog conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

Last month I purchased a leasehold flat in Blaenau Ffestiniog. Do I have any liability for service charges for periods before my ownership?

Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £300000 apartment in Blaenau Ffestiniog on Wednesday in a week. The landlords agents has quoted £300 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Blaenau Ffestiniog?

Blaenau Ffestiniog conveyancing on leasehold flats often necessitates the buyer’s lawyer sending enquiries for the landlord to address. Although the landlord is not legally bound to answer these enquiries the majority will be content to do so. They are entitled charge a reasonable charge for answering enquiries or supplying documentation. There is no set fee. The average fee for the paperwork that you are referring to is over three hundred pounds, in some cases it is in excess of £800. The administration charge demanded by the landlord must be accompanied by a summary of entitlements and obligations in relation to administration charges, without which the invoice is technically not due. In reality one has no choice but to pay whatever is demanded if you want to complete the sale of your home.

Blaenau Ffestiniog Conveyancing for Leasehold Flats - Sample of Queries before Purchasing

The prefered form of lease arrangement is a share of the freehold. In this arrangement the tenants benefit from being in charge if their destiny and although a managing agent is often retained if it is bigger than a house conversion, the managing agent is directed by the tenants. Many Blaenau Ffestiniog leasehold flats will incur a service charge for maintenance of the block invoiced on behalf of the landlord. If you purchase the property you will have to pay this liability, normally quarterly throughout the year. This can differ from several hundred pounds to thousands of pounds for large purpose-built buildings. In all likelihood there will be a ground rent to be met annual, this is usually not a large figure, say about £50-£100 but you should to check as on occasion it can be many hundreds of pounds. The answer will be important as a) areas could cause problems for the block as the common areas may begin to deteriorate if maintenance are not paid for b) if the leasehold owners have an issue with the running of the building you will want to know about it

Other Topics

Lease Extensions in Blaenau Ffestiniog