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Questions and Answers: Crook leasehold conveyancing

Planning to complete next month on a leasehold property in Crook. Conveyancing solicitors have said that they will have a report out to me next week. What should I be looking out for?

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

  • You should be sent a copy of the lease
  • The physical extent of the premises. This will be the property itself but might include a roof space or basement if appropriate.
  • Does the lease prevent you from renting out the flat, or having a home office for business
  • Changes to the flat (alterations and additions)
  • Responsibility for repairing the window frames
  • What options are open to you if a neighbour breach a clause of their lease?
  • What the implications are if you breach a clause of your lease? For details of the information to be contained in your report on your leasehold property in Crook please ask your solicitor in ahead of your conveyancing in Crook

    • I have just appointed agents to market my basement apartment in Crook.Conveyancing is yet to be initiated but I have just received a yearly maintenance charge demand – what should I do?

    The sensible thing to do is pay 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 managing agents 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. Having a clear account will assist your cause and will leave you no worse off financially.

    I today plan to offer on a house that appears to be perfect, at a reasonable price which is making it more attractive. I have subsequently been informed that it's a leasehold as opposed to freehold. I would have thought that there are issues purchasing a leasehold house in Crook. Conveyancing advisers have are soon to be appointed. Will they explain the issues?

    The majority of houses in Crook are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area can help the conveyancing process. We note that you are buying in Crook in which case you should be shopping around for a Crook conveyancing solicitor and check that they have experience in transacting on leasehold houses. First you will need to check the number of years remaining. Being a leaseholder you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as obtaining the freeholder’sconsent to conduct changes to the property. You may also be required to pay a service charge towards the maintenance of the communal areas where the house is part of an estate. Your lawyer will advise you fully on all the issues.

    I am tempted by the attractive purchase price for a couple of maisonettes in Crook both have in the region of fifty years left on the leases. Will this present a problem?

    A lease is a right to use the property for a period of time. As a lease gets shorter the saleability of the lease decreases and results in it becoming more expensive to extend the lease. This is why it is advisable to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on properties of this type. Lease enfranchisement can be a difficult process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this area

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

    If you are instructing a property lawyer for lease extension works (regardless if they are a Crook conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggested that you make enquires with several firms including non Crook conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. Some following of questions could be of use:

    • How many lease extensions have they conducted in Crook in the last year?
  • What are the legal fees for lease extension conveyancing?

    • Crook Conveyancing for Leasehold Flats - Examples of Questions you should consider before buying

      How many years are left on the lease? What is the yearly maintenance fee and ground rent? This question is useful as a) areas may cause problems in the building as the communal areas may begin to deteriorate if services remain unpaid b) if the tenants have a dispute with the running of the building you will need to know about it

    Other Topics

    Lease Extensions in Crook