Fixed-fee leasehold conveyancing in Coningsby:

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Leasehold conveyancing in Coningsby is more complex than freehold. Your home move will be smoother where you choose a lawyer with a wealth of experience of leasehold conveyancing in Coningsby and throughout next step up in loc. The lawyers we recommend have been approved by your lender so use our search tool to check.

Coningsby leasehold conveyancing Example Support Desk Enquiries

My partner and I may need to let out our Coningsby ground floor flat for a while due to a new job. We instructed a Coningsby conveyancing firm in 2004 but they have closed and we did not think at the time seek any guidance as to whether the lease allows us to sublet. How do we find out?

The lease governs relations between the freeholder and you the leaseholder; in particular, it will set out if subletting is prohibited, or permitted but only subject to certain caveats. The accepted inference is that if the lease contains no specific ban or restriction, subletting is permitted. The majority of leases in Coningsby do not prevent subletting altogether – such a clause would adversely affect the market value the property. In most cases there is a basic requirement that the owner notifies the freeholder, possibly supplying a copy of the sublease.

Expecting to exchange soon on a ground floor flat in Coningsby. Conveyancing lawyers assured me that they are sending me a report 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 Coningsby should include some of the following:

  • You should receive a copy of the lease
  • The length of the lease term You should be advised as what happens when the lease ends, and aware of the importance of the 80 year mark
  • Defining your rights in relation to the communal areas in the block.For example, does the lease provide for a right of way over an accessway or hallways?
  • You must be told what constitutes a Nuisance in the lease
  • Ground rent - how much and when you need to pay, and also know whether this will change in the future
  • You should have a good understanding of the insurance provisions
  • The landlord’s obligations to repair and maintain the building. It is important that you know who is responsible for the repair and maintenance of every part of the building For details of the information to be included in your report on your leasehold property in Coningsby please ask your lawyer in advance of your conveyancing in Coningsby

    • Estate agents have just been given the go-ahead to market my ground floor apartment in Coningsby.Conveyancing solicitors are to be appointed soon but I have just had a quarterly maintenance charge demand – Do I pay up?

    Your conveyancing lawyer is likely to suggest that you should clear 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 management companies 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 Coningsby. Conveyancing and The Mortgage Works mortgage went though with no issue. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1993. The conveyancing solicitor in Coningsby who previously acted has now retired.Do I pay?

    The first thing you should do is make enquiries of the Land Registry to be sure that the individual purporting to own the freehold is indeed the new freeholder. It is not necessary to incur the fees of a Coningsby conveyancing practitioner to do this as it can be done on-line for a few pound. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

    Do you have any advice for leasehold conveyancing in Coningsby with the intention of speeding up the sale process?

    • Much of the delay in leasehold conveyancing in Coningsby can be reduced if you appoint lawyers the minute you market your property and request that they start to put together the leasehold information which will be required by the buyers lawyers.
    • Many landlords or Management Companies in Coningsby levy fees for supplying management packs for a leasehold premises. You or your lawyers should find out the fee that they propose to charge. The management information can be applied for as soon as you have a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most usual cause of delay in leasehold conveyancing in Coningsby.
  • In the event that you altered the property did you need the Landlord’s consent? In particular have you installed wooden flooring? Coningsby leases often stipulate that internal structural changes or installing wooden flooring necessitate a licence issued by the Landlord approving such works. If you fail to have the paperwork in place do not communicate with the landlord without checking with your solicitor in the first instance.
  • If you hold a share in a the Management Company, you should make sure that you hold the original share certificate. Obtaining a new share certificate is often a time consuming formality and slows down many a Coningsby conveyancing transaction. Where a duplicate share certificate is needed, you should approach the company officers or managing agents (where relevant) for this at the earliest opportunity.
  • You believe that you know the number of years left on your lease but it would be advisable double-check by asking your lawyers. A buyer’s lawyer will be unlikely to recommend their client to to exchange contracts if the remaining number of years is under 75 years. It is therefore essential at an early stage that you identify whether the lease requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale.

    • Leasehold Conveyancing in Coningsby - A selection of Questions you should consider Prior to buying

      Make sure you find out if there is anything that is prohibited in the lease. For example it is very common in Coningsby leases that pets are not permitted in in a block in Coningsby. If you like the propertyin Coningsby but your dog can’t make the move with you then you will be faced hard choice. Does the lease include onerous restrictions? Many Coningsby leasehold apartments will have a service bill for maintenance of the building levied by the freeholder. Where you buy the property you will have to meet this charge, normally in instalments accross the year. This can vary from two or three hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a ground rent for you to pay annual, this is usually not a large figure, say about £50-£100 but you should to enquire as occasionally it could be many hundreds of pounds.

    Other Topics

    Lease Extensions in Coningsby