Easthampstead leasehold conveyancing: Q and A’s
Having checked my lease I have discovered that there are only 72 years left on my flat in Easthampstead. I now wish to extend my lease but my freeholder is absent. What are my options?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the magistrate. However, you will be required to demonstrate that you or your lawyers have used your best endeavours to locate the lessor. For most situations a specialist would be helpful to try and locate and to produce a report to be accepted by the court as evidence that the landlord is indeed missing. It is advisable to get professional help from a conveyancer in relation to proving the landlord’s absence and the vesting order request to the County Court overseeing Easthampstead.
Expecting to complete next month on a ground floor flat in Easthampstead. Conveyancing solicitors inform me that they will have a report out to me tomorrow. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Easthampstead should include some of the following:
- The unexpired lease term You should be advised as what happens when the lease ends, and informed of the importance of not letting the lease term falling below eighty years
I have just started marketing my ground floor flat in Easthampstead.Conveyancing solicitors are to be appointed soon but I have just received a yearly maintenance charge demand – what should I do?
The sensible thing to do is discharge 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 am hoping to put an offer on a small detached house that appears to meet my requirements, at a great price which is making it more attractive. I have since been informed that it's a leasehold rather than freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Easthampstead. Conveyancing advisers have not yet been instructed. Will they explain the issues?
Most houses in Easthampstead are freehold and not 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 Easthampstead in which case you should be shopping around for a Easthampstead conveyancing solicitor and be sure 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 leaseholder you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example obtaining the landlord’spermission to carry out changes to the property. It may be necessary to pay a maintenance charge towards the maintenance of the estate where the property is part of an estate. Your lawyer will report to you on the legal implications.
What are your top tips when it comes to finding a Easthampstead conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for lease extension works (regardless if they are a Easthampstead conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with two or three firms including non Easthampstead 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 familiar is the firm with lease extension legislation?
Leasehold Conveyancing in Easthampstead - A selection of Queries before buying
The best form of lease structure is if the freehold interest is in the ownership of the leaseholders. In this scenario the tenants benefit from being in charge if their destiny and although a managing agent is often employed if the building is larger than a house conversion, the managing agent acts for the leaseholders themselves.
How much is the ground rent and service charge?
Make sure you enquire if there are any onerous restrictions in the lease. For instance it is very common in Easthampstead leases that pets are not permitted in in a block in Easthampstead. If you like the propertyin Easthampstead but your cat can’t make the move with you then you will be presented with a hard choice.