Examples of recent questions relating to leasehold conveyancing in Crowborough
Having had my offer accepted I require leasehold conveyancing in Crowborough. Before I set the wheels in motion I want to be sure as to the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and most are in Crowborough - then the leasehold title will always include the basic details 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 today plan to offer on a house that appears to meet my requirements, at a reasonable figure which is making it all the more appealing. I have since discovered that it's a leasehold rather than freehold. I would have thought that there are issues buying a leasehold house in Crowborough. Conveyancing solicitors have are soon to be appointed. Will my lawyers set out the implications of buying a leasehold house in Crowborough ?
Most houses in Crowborough are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can help the conveyancing process. We note that you are purchasing in Crowborough so you should seriously consider looking for a Crowborough conveyancing practitioner and be sure that they are used to advising on leasehold houses. First you will need to check the number of years remaining. Being a tenant you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as requiring the freeholder’sconsent to carry out alterations. You may also be required to pay a contribution towards the maintenance of the communal areas where the house is located on an estate. Your lawyer will advise you fully on all the issues.
What advice can you give us when it comes to choosing a Crowborough conveyancing firm to deal with our lease extension?
When appointing a property lawyer for your lease extension (regardless if they are a Crowborough conveyancing practice) 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 Crowborough conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. Some following of questions could be helpful:
- How familiar is the practice with lease extension legislation?
Can you provide any advice for leasehold conveyancing in Crowborough with the purpose of expediting the sale process?
- Much of the frustration in leasehold conveyancing in Crowborough can be bypassed where you instruct lawyers as soon as you market your property and ask them to collate the leasehold documentation needed by the purchasers’ representatives.
- If you have carried out any alterations to the premises would they have required Landlord’s permission? In particular have you laid down wooden flooring? Crowborough leases often stipulate that internal structural changes or installing wooden flooring require a licence from the Landlord acquiescing to such changes. Should you dont have the paperwork in place you should not communicate with the landlord without checking with your solicitor before hand.
All being well we will complete the sale of our £400000 apartment in Crowborough next week. The management company has quoted £384 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Crowborough?
Crowborough conveyancing on leasehold apartments usually involves the buyer’s solicitor sending enquiries for the landlord to answer. Although the landlord is under no legal obligation to answer such questions most will be content to do so. They may levy a reasonable charge for answering enquiries or supplying documentation. There is no set fee. The average costs for the information that you are referring to is over three hundred pounds, in some transactions it is above £800. The management information fee required by the landlord must be sent together with a summary of rights and obligations in respect of administration charges, without which the charge is not strictly payable. In reality one has no option but to pay whatever is requested of you if you want to sell the property.
Leasehold Conveyancing in Crowborough - Sample of Questions you should ask Prior to buying
Plenty Crowborough leasehold flats will have a service bill for maintenance of the block invoiced on behalf of the freeholder. Where you acquire the property you will have to pay this amount, normally periodically throughout the year. This can vary from several hundred pounds to thousands of pounds for large purpose-built buildings. There will also be a rentcharge to be met yearly, this is usually not a significant figure, say around £25-£75 but you need to enquire it because on occasion it could be surprisingly expensive.
Does this lease have in excess of 85 years remaining?
Who takes charge for maintaining and repairing the building?