Fixed-fee leasehold conveyancing in Earley:

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Examples of recent questions relating to leasehold conveyancing in Earley

I only have 68 years remaining on my flat in Earley. I am keen to get lease extension but my landlord is can not be found. What are my options?

On the basis that you qualify, 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 enable the lease to be lengthened by the Court. However, you will be required to demonstrate that you or your lawyers have made all reasonable attempts to track down the freeholder. In some cases an enquiry agent should be helpful to try and locate and to produce a report which can be used as proof that the freeholder can not be located. It is wise to seek advice from a conveyancer both on devolving into the landlord’s disappearance and the vesting order request to the County Court overseeing Earley.

Due to sign contracts shortly on a studio apartment in Earley. Conveyancing lawyers inform me that they are sending me a report next week. Are there areas in the report that I should be focusing on?

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

  • Defining your legal entitlements in relation to the communal areas in the block.For instance, does the lease contain a right of way over a path or staircase?
  • Does the lease prohibit wood flooring?
  • You should be told what constitutes a Nuisance in the lease
  • Ground rent - how much and when you need to pay, and also know whether this is subject to change
  • An explanation as to the provision in the lease to pay service charges - with regard to both the building, and the more general rights a leaseholder has
  • Whether your lease has a provision for a sinking fund?
  • 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 included in your report on your leasehold property in Earley please enquire of your conveyancer in ahead of your conveyancing in Earley

  • I've found a house that seems to be perfect, at a great figure which is making it all the more appealing. I have since been informed that the title is leasehold rather than freehold. I am assuming that there are issues buying a house with a leasehold title in Earley. Conveyancing lawyers have are about to be instructed. Will my lawyers set out the risks of buying a leasehold house in Earley ?

    The majority of houses in Earley are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. It is clear that you are purchasing in Earley so you should seriously consider looking for a Earley conveyancing solicitor and check that they have experience in advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a lessee you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example obtaining the landlord’spermission to conduct changes to the property. It may be necessary to pay a maintenance charge towards the maintenance of the estate where the property is located on an estate. Your conveyancer should appraise you on the various issues.

    I work for a busy estate agent office in Earley where we have witnessed a number of flat sales derailed due to leases having less than 80 years remaining. I have been given contradictory information from local Earley conveyancing solicitors. Please can you confirm whether the owner of a flat can initiate the lease extension formalities for the purchaser on completion of the sale?

    As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.

    An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

    All being well we will complete the disposal of our £375000 maisonette in Earley next Wednesday . The managing agents has quoted £372 for Certificate of Compliance, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Earley?

    Earley conveyancing on leasehold apartments ordinarily necessitates fees being levied by managing agents :

    • Completing pre-exchange enquiries
    • Where consent is required before sale in Earley
    • Supplying insurance information
    • Deeds of covenant upon sale
    • Registering of the assignment of the change of lessee after a sale
    Your lawyer will have no control over the level of the charges for this information but the average costs for the information for Earley leasehold premises is £350. For Earley 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 supply the information.

    Earley Conveyancing for Leasehold Flats - A selection of Queries Prior to buying

      Best to be warned if a new roof is being put on or some other significant cost is anticipated that will be shared by the leasehold owners and will materially increase the the maintenance fees or necessitate a one off payment. How many of the leaseholders are in arrears for their maintenance charge payments? It would be wise to find out if there are any onerous prohibitions in the lease. For instance plenty of leases prohibit pets being allowed in in a block in Earley. If you like the flatin Earley yet your cat can’t live with you then you have a very hard decision.

    Other Topics

    Lease Extensions in Earley