Expecting to exchange soon on a leasehold property in Budleigh Salterton. Conveyancing solicitors have said that they are sending me a report next week. What should I be looking out for?

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

• How long the lease is You should be advised as what happens when the lease expires, and informed of the importance of the 80 year mark

Will you be prohibited or prevented from having pets in the property?

Whether the lease restricts you from letting out the property, or working from home

You should have a good understanding of the insurance provisions

Repair and maintenance of the flat

I don't know whether the lease allows me to alter or improve anything in the flat - you should know whether it applies to all alterations or just structural alteration, and whether consent is required

The landlord’s rights to access the flat you be made aware that your landlord has rights of access and I know how much notice s/he must provide. For a comprehensive list of information to be contained in your report on your leasehold property in Budleigh Salterton please enquire of your conveyancer in ahead of your conveyancing in Budleigh Salterton

I’m about to sell my ground floor flat in Budleigh Salterton.Conveyancing is yet to be initiated but I have just had a quarterly maintenance charge invoice – Do I pay up?

It best that you clear 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 management companies 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. This will smooth the conveyancing process.

I own a leasehold house in Budleigh Salterton. Conveyancing and Clydesdale mortgage are in place. I have received a letter from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1998. The conveyancing solicitor in Budleigh Salterton who previously acted has long since retired.Any advice?

The first thing you should do is make enquiries of the Land Registry to make sure that the individual purporting to own the freehold is indeed the new freeholder. You do not need to instruct a Budleigh Salterton conveyancing solicitor to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

Can you offer any advice when it comes to finding a Budleigh Salterton conveyancing firm to deal with our lease extension?

When appointing a property lawyer for lease extension works (regardless if they are a Budleigh Salterton conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of work. We advise that you make enquires with two or three firms including non Budleigh Salterton 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:

• If the firm is not ALEP accredited then what is the reason?

How many lease extensions has the firm completed in Budleigh Salterton in the last twenty four months?

If all goes to plan we aim to complete the sale of our £250000 maisonette in Budleigh Salterton in nine days. The landlords agents has quoted £384 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Budleigh Salterton?

For the majority of leasehold sales in Budleigh Salterton conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :

• Addressing pre-contract enquiries
• Where consent is required before sale in Budleigh Salterton
• Supplying insurance information
• Deeds of covenant upon sale
• Registering of the assignment of the change of lessee after a sale

Your conveyancer will have no control over the level of the charges for this information but the average costs for the information for Budleigh Salterton leasehold premises is £350. For Budleigh Salterton conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are obliged to provide answers.

Leasehold Conveyancing in Budleigh Salterton - Sample of Queries Prior to buying

Most Budleigh Salterton leasehold properties will be liable to pay a service bill for the upkeep of the block invoiced on behalf of the landlord. Should you acquire the apartment you will have to meet this contribution, normally in instalments throughout the year. This may vary from a few hundred pounds to thousands of pounds for buildings with lifts and large common grounds. In all likelihood there will be a rentcharge for you to pay yearly, ordinarily this is not a large amount, say around £50-£100 but you should to check it because sometimes it could be many hundreds of pounds. Best to be warned whether window replacement or some other major work is due shortly to be shared by the leaseholders and could well materially increase the the maintenance charges or require a one off payment. What prohibitions are contained in the Budleigh Salterton Lease?

Other Topics

Lease Extensions in Budleigh Salterton