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While any conveyancing solicitor can theoretically deal with your leasehold conveyancing in Emsworth, your mortgage provider may unwilling to work with them if the firm are not on their list of approved solicitors for conveyancing

Emsworth leasehold conveyancing: Q and A’s

Expecting to complete next month on a leasehold property in Emsworth. Conveyancing lawyers have said that they report fully tomorrow. What should I be looking out for?

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

  • Does the lease prevent you from letting out the property, or working from home
  • You need to be told what counts as a Nuisance in the lease
  • You should have a good understanding of the insurance provisions
  • I don't know whether the lease allows me to alter or improve anything in the flat - you should know whether it applies to all alterations or just structural alteration, and whether consent is required
  • The landlord’s obligations to repair and maintain the building. It is important that you know who is responsible for the repair and maintenance of every part of the building
  • Responsibility for repairing the window frames
  • What the implications are if you breach a clause of your lease? For a comprehensive list of information to be included in your report on your leasehold property in Emsworth please enquire of your lawyer in ahead of your conveyancing in Emsworth

    • Estate agents have just been given the go-ahead to market my ground floor apartment in Emsworth.Conveyancing is yet to be initiated but I have just had a yearly service charge demand – what should I do?

    Your conveyancing lawyer is likely to suggest that you should 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 management companies will not acknowledge the buyer unless 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 looking at a two flats in Emsworth which have in the region of 50 years unexpired on the lease term. Will this present a problem?

    A lease is a right to use the premises for a prescribed time frame. As the lease shortens the marketability of the lease decreases and results in it becoming more expensive to acquire a lease extension. For this reason it is advisable to increase the term of the lease. It is often difficulties arise selling premises with a short lease as mortgage lenders may be reluctant to lend money on properties of this type. Lease extension can be a protracted process. We recommend you get professional help from a conveyancer and surveyor with experience in this arena

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

    When appointing a solicitor for lease extension works (regardless if they are a Emsworth conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with two or three firms including non Emsworth conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. Some following of questions might be of use:

    • How many lease extensions have they carried out in Emsworth in the last year?
  • What are the charges for lease extension work?

    • Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £425000 apartment in Emsworth on Thursday in a week. The landlords agents has quoted £372 for Certificate of Compliance, insurance certificate and previous years service charge statements. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Emsworth?

    Emsworth conveyancing on leasehold maisonettes often requires the purchaser’s lawyer submitting questions for the landlord to address. Although the landlord is not legally bound to answer such questions the majority will be content to do so. They may charge a reasonable administration fee for answering enquiries or supplying documentation. There is no upper cap for such fees. The average fee for the information that you are referring to is £350, in some situations it exceeds £800. The administration charge demanded by the landlord must be accompanied by a summary of rights and obligations in respect of administration fees, without which the charge is technically not due. In reality you have no choice but to pay whatever is demanded should you wish to sell the property.

    Leasehold Conveyancing in Emsworth - Sample of Questions you should ask Prior to buying

      The best form of lease structure is if the freehold reversion is in the ownership of the leaseholders. In this arrangement the tenants benefit from being in charge if their destiny and notwithstanding that a managing agent is often employed where the building is bigger than a house conversion, the managing agent employed by the leaseholders. Many Emsworth leasehold properties will be liable to pay a service charge for the upkeep of the block levied by the freeholder. If you purchase the flat you will have to pay this contribution, normally in instalments throughout the year. This can vary from a few hundred pounds to thousands of pounds for buildings with lifts and large communal areas. In all probability there will be a rentcharge to be met annual, ordinarily this is not a exorbitant sum, say about £25-£75 but you need to check it because sometimes it can be many hundreds of pounds. Are there any major works in the near future that could add a premium to the service fees?

    Other Topics

    Lease Extensions in Emsworth