Questions and Answers: Bovey Tracey leasehold conveyancing
Helen (my wife) and I may need to let out our Bovey Tracey ground floor flat for a while due to taking a sabbatical. We used a Bovey Tracey conveyancing firm in 2003 but they have since shut and we did not think at the time get any advice as to whether the lease allows us to sublet. How do we find out?
A lease dictates relations between the landlord and you the leaseholder; in particular, it will set out if subletting is not allowed, or permitted but only subject to certain caveats. The rule is that if the lease contains no expres ban or restriction, subletting is allowed. Most leases in Bovey Tracey do not prevent strict prohibition on subletting – such a provision would undoubtedly devalue the property. In most cases there is simply a requirement that the owner notifies the freeholder, possibly sending a copy of the tenancy agreement.
I have recently realised that I have 62 years left on my lease in Bovey Tracey. I now want to get lease extension but my freeholder is missing. What should I do?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. You will be obliged to demonstrate that you have used your best endeavours to locate the freeholder. For most situations a specialist should be useful to conduct investigations and prepare an expert document to be accepted by the court as proof that the landlord can not be located. It is wise to seek advice from a conveyancer in relation to investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Bovey Tracey.
I have just appointed agents to market my ground floor flat in Bovey Tracey.Conveyancing is yet to be initiated but I have just had a yearly service charge invoice – what should I do?
The sensible thing to do is pay the service charge 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. Having a clear account will assist your cause and will leave you no worse off financially.
What are your top tips when it comes to finding a Bovey Tracey conveyancing firm to deal with our lease extension?
When appointing a property lawyer for your lease extension (regardless if they are a Bovey Tracey conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you talk with several firms including non Bovey Tracey conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions could be helpful:
- What volume of lease extensions has the firm carried out in Bovey Tracey in the last twenty four months?
- What are the legal fees for lease extension conveyancing?
We expect to complete our sale of a £ 175000 garden flat in Bovey Tracey next week. The managing agents has quoted £<Macro 'feeRangeWithVAT'> for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Bovey Tracey?
Bovey Tracey conveyancing on leasehold maisonettes normally necessitates administration charges invoiced by managing agents :
- Answering pre-contract questions
- Where consent is required before sale in Bovey Tracey
- Supplying insurance information
- Deeds of covenant upon sale
- Registering of the assignment of the change of lessee after a sale
Bovey Tracey Leasehold Conveyancing - Sample of Questions you should consider Prior to Purchasing
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How much is the ground rent and service charge?
Does the lease have onerous restrictions?