Examples of recent questions relating to leasehold conveyancing in Brantham
Having had my offer accepted I require leasehold conveyancing in Brantham. Before diving in I require certainty as to the remaining lease term.
If the lease is recorded at the land registry - and almost all are in Brantham - 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.
I have recently realised that I have Sixty One years unexpired on my lease in Brantham. I now wish to extend my lease but my landlord is absent. What are my options?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. You will be obliged to prove that you or your lawyers have made all reasonable attempts to track down the freeholder. In some cases a specialist should be useful to carry out a search and to produce an expert document to be used as evidence that the landlord can not be located. It is advisable to get professional help from a solicitor both on devolving into the landlord’s absence and the application to the County Court covering Brantham.
Looking forward to sign contracts shortly on a leasehold property in Brantham. Conveyancing solicitors assured me that they report fully within the next couple of days. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Brantham should include some of the following:
- Does the lease prevent you from renting out the flat, or working from home
Can you offer any advice when it comes to finding a Brantham conveyancing firm to carry out our lease extension conveyancing?
When appointing a property lawyer for lease extension works (regardless if they are a Brantham conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We advise that you speak with two or three firms including non Brantham conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions could be useful:
- How many lease extensions have they carried out in Brantham in the last year?
Do you have any top tips for leasehold conveyancing in Brantham with the aim of expediting the sale process?
- A significant proportion of the delay in leasehold conveyancing in Brantham can be avoided if you get in touch lawyers as soon as your agents start advertising the property and ask them to put together the leasehold documentation needed by the purchasers’ representatives.
- The majority landlords or Management Companies in Brantham levy fees for providing management packs for a leasehold property. You or your lawyers should enquire as to the actual amount of the charges. The management pack sought on or before finding a buyer, thus accelerating the process. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most usual cause of delay in leasehold conveyancing in Brantham.
I bought a basement flat in Brantham, conveyancing was carried out in 2008. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Brantham with over 90 years remaining are worth £166,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease ceases on 21st October 2092
You have 66 years remaining on your lease we estimate the price of your lease extension to range between £11,400 and £13,200 plus professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.
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