Examples of recent questions relating to leasehold conveyancing in Fenny Stratford
I am in need of some leasehold conveyancing in Fenny Stratford. Before diving in I want to be sure as to the number of years remaining on the lease.
If the lease is registered - and almost all are in Fenny Stratford - then the leasehold title will always include the short particulars 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.
Having checked my lease I have discovered that there are only 72 years unexpired on my flat in Fenny Stratford. I need to get lease extension but my freeholder is missing. What options are available to me?
If 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. You will be obliged to demonstrate that you or your lawyers have used your best endeavours to find the freeholder. For most situations a specialist should be useful to conduct investigations and prepare an expert document to be accepted by the court as evidence that the freeholder is indeed missing. It is advisable to get professional help from a conveyancer both on devolving into the landlord’s absence and the vesting order request to the County Court covering Fenny Stratford.
Looking forward to exchange soon on a studio apartment in Fenny Stratford. Conveyancing solicitors inform me that they will have a report out to me within the next couple of days. What should I be looking out for?
Your report on title for your leasehold conveyancing in Fenny Stratford should include some of the following:
- You should be sent a copy of the lease
I own a leasehold house in Fenny Stratford. Conveyancing and Barnsley Building Society mortgage organised. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1994. The conveyancing practitioner in Fenny Stratford who previously acted has long since retired.Any advice?
First make enquiries of the Land Registry to make sure that this person is indeed the new freeholder. You do not need to instruct a Fenny Stratford conveyancing practitioner to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Do you have any advice for leasehold conveyancing in Fenny Stratford from the perspective of saving time on the sale process?
- A significant proportion of the delay in leasehold conveyancing in Fenny Stratford can be bypassed if you appoint lawyers as soon as your agents start marketing the property and request that they start to collate the leasehold documentation which will be required by the purchasers’ representatives.
- Many freeholders or Management Companies in Fenny Stratford levy fees for supplying management packs for a leasehold property. You or your lawyers should enquire as to the actual amount of the charges. The management information can be applied for as soon as you have a buyer, thus reducing delays. The average time it takes to obtain the necessary information is three weeks. It is the most common reason for frustration in leasehold conveyancing in Fenny Stratford.
Fenny Stratford Leasehold Conveyancing - Examples of Queries Prior to buying
What is the service charge and ground rent on the property?
It is important to be aware whether redecorating or some other major work is coming up that will be shared between the leaseholders and will dramatically impact the level of the maintenance costs or require a one off payment.
How is the lease structured?