Examples of recent questions relating to leasehold conveyancing in Frinton On Sea
I am in need of some leasehold conveyancing in Frinton On Sea. Before diving in I would like to find out the number of years remaining on the lease.
If the lease is registered - and almost all are in Frinton On Sea - 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.
Estate agents have just been given the go-ahead to market my ground floor apartment in Frinton On Sea.Conveyancing has not commenced but I have just had a quarterly service charge demand – Do I pay up?
It best that you clear the service charge 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. This will smooth the conveyancing process.
I own a leasehold house in Frinton On Sea. Conveyancing and Barclays Direct mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1991. The conveyancing practitioner in Frinton On Sea who previously acted has now retired.Do I pay?
The first thing you should do is contact the Land Registry to be sure that the individual claiming to own the freehold is in fact the new freeholder. There is no need to instruct a Frinton On Sea conveyancing solicitor to do this as you can do this on the Land Registry website for £3. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Can you provide any advice for leasehold conveyancing in Frinton On Sea from the point of view of speeding up the sale process?
- A significant proportion of the delay in leasehold conveyancing in Frinton On Sea can be bypassed if you get in touch lawyers as soon as you market your property and ask them to collate the leasehold information which will be required by the buyers lawyers.
- The majority landlords or managing agents in Frinton On Sea charge for supplying management packs for a leasehold premises. You or your lawyers should enquire as to the fee that they propose to charge. The management information sought on or before finding a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most common cause of frustration in leasehold conveyancing in Frinton On Sea.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £200000 flat in Frinton On Sea in 10 days. The landlords agents has quoted £360 for Certificate of Compliance, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge such fees for a flat conveyance in Frinton On Sea?
Frinton On Sea conveyancing on leasehold flats normally necessitates fees being raised by landlords agents :
- Addressing conveyancing due diligence questions
- Where consent is required before sale in Frinton On Sea
- Copies of the building insurance and schedule
- Deeds of covenant upon sale
- Registering of the assignment of the change of lessee after a sale
Frinton On Sea Leasehold Conveyancing - Examples of Queries Prior to Purchasing
The best form of lease arrangement is a share of the freehold. In this situation the tenants enjoy being in charge if their destiny and notwithstanding that a managing agent is frequently employed if the building is bigger than a house conversion, the managing agent acts for the leaseholders themselves.
How many of the leaseholders are in arrears for their maintenance charge payments?
You should want to find out as much as you can about the company managing the building as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you are often at the mercy of the managing agents both financially and when it comes to daily issues such as the cleanliness of the communal areas. Don't be shy to ask prospective neighbours whether they are happy with them. In conclusion, find out the dates that you are obliged pay the maintenance charge to the relevant party and precisely what you get for your money.