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Grantham leasehold conveyancing Example Support Desk Enquiries

Expecting to sign contracts shortly on a studio apartment in Grantham. Conveyancing solicitors assured me that they are sending me a report within the next couple of days. What should I be looking out for?

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

  • Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, freeholder
  • The total extent of the premises. This will be the property itself but may include a roof space or cellar if applicable.
  • Does the lease prevent you from letting out the flat, or working from home
  • An explanation as to the provision in the lease to pay service charges - with regard to both the building, and the more general rights a leaseholder has
  • 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.
  • 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
  • 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 Grantham please ask your conveyancer in ahead of your conveyancing in Grantham

    • I am hoping to put an offer on a small detached house that appears to tick a lot of boxes, at a reasonable figure which is making it more attractive. I have subsequently been informed that the title is leasehold rather than freehold. I would have thought that there are issues purchasing a leasehold house in Grantham. Conveyancing lawyers have not yet been instructed. Will my lawyers set out the implications of buying a leasehold house in Grantham ?

    Most houses in Grantham are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area can help the conveyancing process. it is apparent that you are buying in Grantham in which case you should be looking for a Grantham 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 lessee you will not be at liberty to do whatever you want to the property. The lease will likely included provisions for example obtaining the landlord’spermission to carry out alterations. It may be necessary to pay a contribution towards the maintenance of the estate where the property is located on an estate. Your solicitor should advise you fully on all the issues.

    My wife and I purchased a leasehold house in Grantham. Conveyancing and Platform Home Loans Ltd mortgage are in place. A letter has just been received from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing practitioner in Grantham who previously acted has long since retired.What should I do?

    First contact the Land Registry to make sure that this person is indeed the new freeholder. You do not need to incur the fees of a Grantham conveyancing solicitor to do this as it can be done on-line for less than a fiver. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

    What are your top tips when it comes to finding a Grantham conveyancing practice to carry out our lease extension conveyancing?

    When appointing a solicitor for your lease extension (regardless if they are a Grantham conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with several firms including non Grantham conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions could be helpful:

    • How experienced is the firm with lease extension legislation?
  • What are the costs for lease extension conveyancing?

    • Can you provide any top tips for leasehold conveyancing in Grantham with the intention of expediting the sale process?

    • Much of the delay in leasehold conveyancing in Grantham can be reduced if you instruct lawyers the minute you market your property and ask them to put together the leasehold information needed by the purchasers’ solicitors.
    • If you have carried out any alterations to the residence would they have required Landlord’s consent? In particular have you installed wooden flooring? Most leases in Grantham state that internal structural changes or addition of wooden flooring require a licence from the Landlord acquiescing to such alterations. Should you fail to have the paperwork to hand do not communicate with the landlord without checking with your conveyancer before hand.
  • A minority of Grantham leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers put in hand bank and professional references. The bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their lawyers.
  • If you have had conflict with your landlord or managing agents it is very important that these are settled before the property is marketed. The purchasers and their solicitors will be nervous about purchasing a flat where a dispute is unresolved. You will have to accept that you will have to 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 ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the purchasers, but it is clearly preferable to reveal the dispute as historic rather than unsettled.
  • If you are supposed to have a share in the Management Company, you should make sure that you are holding the original share document. Organising a re-issued share certificate is often a time consuming process and slows down many a Grantham conveyancing transaction. Where a duplicate share is required, do contact the company officers or managing agents (where relevant) for this as soon as possible.

    • Leasehold Conveyancing in Grantham - A selection of Questions you should ask Prior to buying

      Plenty Grantham leasehold flats will incur a service bill for the upkeep of the block invoiced by the management company. Where you buy the apartment you will have to pay this contribution, usually in instalments during the year. This can differ from two or three hundred pounds to thousands of pounds for large purpose-built buildings. There will also be a ground rent to be met annual, this is usually not a exorbitant figure, say approximately £25-£75 but you should to check it because sometimes it could be prohibitively expensive. How much is the ground rent and service charge? It would be wise to investigate if there are any onerous prohibitions in the lease. For instance plenty of leases prohibit pets being permitted in certain buildings in Grantham. If you like the flatin Grantham however your dog can’t live with you then you will be presented with a hard compromise.

    Other Topics

    Lease Extensions in Grantham