Examples of recent questions relating to leasehold conveyancing in Grange Over Sands
Having checked my lease I have discovered that there are only Fifty years unexpired on my flat in Grange Over Sands. I am keen to get lease extension but my landlord is missing. What should I do?
On the basis that you meet the appropriate requirements, 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 track down the lessor. For most situations a specialist would be helpful to carry out a search and prepare an expert document to be used as proof that the freeholder is indeed missing. It is wise to seek advice from a solicitor in relation to investigating the landlord’s absence and the vesting order request to the County Court overseeing Grange Over Sands.
Planning to sign contracts shortly on a leasehold property in Grange Over Sands. Conveyancing solicitors have said that they will have a report out to me on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Grange Over Sands should include some of the following:
- Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, freeholder
- You must be told what counts as a Nuisance in the lease
- Repair and maintenance of the flat
- 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 rights to access the flat you be made aware that your landlord has rights of access and I know how much notice s/he must provide.
- Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice?
- Responsibility for repairing the window frames
I have just started marketing my garden apartment in Grange Over Sands.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 clear 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 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 today plan to offer on a house that seems to meet my requirements, at a great figure which is making it more attractive. I have just found out that the title is leasehold rather than freehold. I would have thought that there are issues buying a house with a leasehold title in Grange Over Sands. Conveyancing lawyers have are soon to be instructed. Will my lawyers set out the implications of buying a leasehold house in Grange Over Sands ?
The majority of houses in Grange Over Sands are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area can help the conveyancing process. it is apparent that you are buying in Grange Over Sands so you should seriously consider shopping around for a Grange Over Sands conveyancing solicitor and be sure that they are used to advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a leaseholder you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example requiring the freeholder’spermission to carry out changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the house is located on an estate. Your solicitor will appraise you on the various issues.
Do you have any advice for leasehold conveyancing in Grange Over Sands from the perspective of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in Grange Over Sands can be avoided where you get in touch lawyers as soon as your agents start marketing the property and ask them to put together the leasehold documentation needed by the purchasers’ representatives.
- Many freeholders or Management Companies in Grange Over Sands charge 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 sought as soon as you have a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most usual reason for frustration in leasehold conveyancing in Grange Over Sands.
- If you have carried out any alterations to the residence would they have required Landlord’s permission? Have you, for example laid down wooden flooring? Most leases in Grange Over Sands state that internal structural changes or laying down wooden flooring necessitate a licence from the Landlord acquiescing to such changes. Where you fail to have the consents in place you should not contact the landlord without contacting your solicitor in the first instance.
- If you have had conflict with your landlord or managing agents it is very important that these are resolved prior to the flat being marketed. The purchasers and their solicitors will be reluctant to purchase a flat where there is an ongoing dispute. You may need to swallow your pride and discharge any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the purchasers, but it is clearly preferable to present the dispute as over as opposed to unresolved.
- If you have the benefit of shareholding in the freehold, you should ensure that you are holding the original share certificate. Organising a replacement share certificate can be a lengthy formality and delays many a Grange Over Sands home move. If a new share is required, you should approach the company officers or managing agents (where applicable) for this as soon as possible.
I acquired a garden flat in Grange Over Sands, conveyancing was carried out 3 years ago. How much will my lease extension cost? Equivalent properties in Grange Over Sands with an extended lease are worth £196,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease runs out on 21st October 2106
With just 80 years unexpired we estimate the price of your lease extension to be between £9,500 and £11,000 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.