Having checked my lease I have discovered that there are only 62 years unexpired on my flat in Corwen. I am keen to extend my lease but my freeholder is missing. What should I do?

On the basis that you meet the appropriate requirements, 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 lengthened by the magistrate. You will be obliged to prove that you have done all that could be expected to track down the landlord. On the whole an enquiry agent should be useful to try and locate and prepare a report to be used as evidence that the landlord can not be located. It is advisable to get professional help from a conveyancer in relation to investigating the landlord’s disappearance and the vesting order request to the County Court covering Corwen.

Expecting to exchange soon on a garden flat in Corwen. Conveyancing solicitors have said that they will have a report out to me on Monday. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in Corwen should include some of the following:

• You should be sent a copy of the lease

The physical extent of the property. This will be the apartment itself but could also include a loft or cellar if applicable.

Does the lease prohibit wood flooring?

Whether the lease restricts you from renting out the flat, or working from home

You need to be told what constitutes a Nuisance in the lease

You should have a good understanding of the insurance provisions

Repair and maintenance of the flat For details of the information to be contained in your report on your leasehold property in Corwen please enquire of your solicitor in advance of your conveyancing in Corwen

I am attracted to a couple of maisonettes in Corwen both have about forty five years left on the leases. Should I regard a short lease as a deal breaker?

There are plenty of short leases in Corwen. The lease is a legal document that entitles you to use the premises for a prescribed time frame. As the lease gets shorter the value of the lease reduces and it becomes more costly to acquire a lease extension. For this reason it is often a good idea to extend the lease term. Sometimes it is difficult to sell a property with a short lease as mortgage companies may be reluctant to lend money on properties of this type. Lease enfranchisement can be a protracted process. We recommend you get professional assistance from a solicitor and surveyor with experience in this arena

What are your top tips when it comes to choosing a Corwen conveyancing firm to carry out our lease extension conveyancing?

If you are instructing a solicitor for your lease extension (regardless if they are a Corwen conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We advise that you talk with two or three firms including non Corwen conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions could be of use:

• How many lease extensions has the firm completed in Corwen in the last year?

What are the legal fees for lease extension work?

We expect to complete the disposal of our £175000 maisonette in Corwen next Friday . The management company has quoted £312 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge such fees for a leasehold conveyance in Corwen?

Corwen conveyancing on leasehold apartments nine out of ten times results in administration charges invoiced by landlords agents :

• Completing pre-exchange questions
• Where consent is required before sale in Corwen
• Supplying insurance information
• Deeds of covenant upon sale
• Registering of the assignment of the change of lessee after a sale

Your solicitor will have no control over the level of the charges for this information but the average costs for the information for Corwen leasehold property is £350. For Corwen 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 required to supply the information.

Leasehold Conveyancing in Corwen - Sample of Queries Prior to buying

Be sure to find out if there are any onerous prohibitions in the lease. For instance plenty of leases prohibit pets being allowed in certain buildings in Corwen. If you like the apartmentin Corwen however your cat is not allowed to make the move with you then you will be presented with a difficult compromise. How is the lease structured? This information is important as a) areas could cause problems for the building as the communal areas may begin to deteriorate where repairs are not paid for b) if the leaseholders have an issue with the managing agents you will want to know about it

Other Topics

Lease Extensions in Corwen