Recently asked questions relating to East Dean leasehold conveyancing
I only have Fifty years left on my flat in East Dean. I need to get lease extension but my landlord is missing. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. However, you will be required to prove that you have used your best endeavours to locate the freeholder. On the whole an enquiry agent would be useful to try and locate and to produce a report which can be used as evidence that the freeholder can not be located. It is advisable to get professional help from a solicitor both on devolving into the landlord’s disappearance and the application to the County Court covering East Dean.
Looking forward to sign contracts shortly on a studio apartment in East Dean. Conveyancing lawyers have said that they are sending me a report tomorrow. What should I be looking out for?
The report on title for your leasehold conveyancing in East Dean should include some of the following:
- You should receive a copy of the lease
I am employed by a long established estate agency in East Dean where we have witnessed a number of flat sales derailed as a result of leases having less than 80 years remaining. I have been given contradictory information from local East Dean conveyancing solicitors. Can you clarify whether the seller of a flat can instigate the lease extension process for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-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.
Alternatively, it may be possible to agree the lease extension with the freeholder 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.
Can you offer any advice when it comes to choosing a East Dean conveyancing practice to carry out our lease extension conveyancing?
When appointing a solicitor for lease extension works (regardless if they are a East Dean conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you talk with two or three firms including non East Dean conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions could be useful:
- How experienced is the practice with lease extension legislation?
We expect to complete our sale of a £500000 maisonette in East Dean in nine days. The management company has quoted £348 for Certificate of Compliance, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge such fees for a flat conveyance in East Dean?
East Dean conveyancing on leasehold apartments typically involves administration charges invoiced by landlords agents :
- Completing pre-exchange questions
- Where consent is required before sale in East Dean
- Supplying insurance information
- Deeds of covenant upon sale
- Registering of the assignment of the change of lessee after a sale
East Dean Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to buying
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Be sure to investigate if there are any onerous prohibitions in the lease. For instance plenty of leases prohibit pets being permitted in in a block in East Dean. If you like the apartmentin East Dean however your dog can’t make the move with you then you will be presented with a hard decision.
How much is the ground rent and service charge?
Are there any major works in the planning that will increase the maintenance fees?
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