Common questions relating to Great Missenden leasehold conveyancing
I am intending to let out my leasehold apartment in Great Missenden. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?
Even though your previous Great Missenden conveyancing lawyer is not available you can review your lease to see if it allows you to sublet the property. The rule is that if the lease is silent, subletting is allowed. There may be a precondition that you must seek permission via your landlord or other appropriate person in advance of subletting. The net result is you not allowed to sublet in the absence of first obtaining permission. The consent should not be unreasonably withheld. If the lease prohibits you from letting out the property you will need to ask your landlord for their consent.
I only have 62 years unexpired on my flat in Great Missenden. I now want to extend my lease but my freeholder is missing. What are my options?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application 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 Court. You will be obliged to demonstrate that you have done all that could be expected to find the landlord. On the whole a specialist should be useful to try and locate and to produce an expert document which can be used as evidence that the landlord can not be located. It is advisable to get professional help from a property lawyer in relation to devolving into the landlord’s disappearance and the application to the County Court overseeing Great Missenden.
Expecting to complete next month on a garden flat in Great Missenden. Conveyancing solicitors have said that they will have a report out to me tomorrow. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Great Missenden should include some of the following:
- Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, landlord
Back In 2002, I bought a leasehold flat in Great Missenden. Conveyancing and Nationwide Building Society mortgage went though with no issue. 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 1995. The conveyancing practitioner in Great Missenden who previously acted has now retired.What should I do?
First contact the Land Registry to be sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Great Missenden conveyancing lawyer to do this as it can be done on-line for less than a fiver. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Do you have any advice for leasehold conveyancing in Great Missenden from the point of view of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Great Missenden can be bypassed where you instruct lawyers as soon as you market your property and request that they start to collate the leasehold information which will be required by the purchasers’ solicitors.
- The majority freeholders or Management Companies in Great Missenden levy fees for supplying management packs for a leasehold premises. You or your lawyers should find out the actual amount of the charges. The management pack sought on or before finding a buyer, thus reducing delays. The average time it takes to receive management information is three weeks. It is the most usual cause of delay in leasehold conveyancing in Great Missenden.
Great Missenden Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to Purchasing
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Most Great Missenden leasehold flats will have a service charge for the upkeep of the block invoiced by the management company. If you buy the flat you will have to meet this liability, normally in instalments accross the year. This could vary from several hundred pounds to thousands of pounds for bigger purpose-built blocks. In all probability there will be a rentcharge for you to pay annual, ordinarily this is not a large amount, say approximately £25-£75 but you need to enquire it because occasionally it can be many hundreds of pounds.
Are there any major works on the horizon that will likely add a premium to the service costs?
The answer will be important as a) areas could result in problems for the building as the common areas may begin to deteriorate if services remain unpaid b) if the leaseholders have an issue with the running of the building you will wish to know about it
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