Questions and Answers: Hassocks leasehold conveyancing
Having had my offer accepted I require leasehold conveyancing in Hassocks. Before diving in I require certainty as to the remaining lease term.
Assuming the lease is registered - and 99.9% are in Hassocks - then the leasehold title will always include the basic details 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.
I own a leasehold house in Hassocks. Conveyancing and Birmingham Midshires mortgage went though with no issue. A letter has just been received from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1993. The conveyancing solicitor in Hassocks who previously acted has now retired.Do I pay?
First contact HMLR to be sure that the individual claiming to own the freehold is in fact the new freeholder. There is no need to incur the fees of a Hassocks conveyancing firm to do this as you can do this on the Land Registry website for £3. You should note that regardless, even if this is the legitimate freeholder, 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 choosing a Hassocks conveyancing firm to carry out our lease extension conveyancing?
When appointing a conveyancer for your lease extension (regardless if they are a Hassocks conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you talk with several firms including non Hassocks conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions could be helpful:
- Can they put you in touch with client in Hassocks who can give a testimonial?
Do you have any advice for leasehold conveyancing in Hassocks with the aim of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in Hassocks can be reduced if you get in touch lawyers the minute you market your property and request that they start to put together the leasehold documentation needed by the buyers lawyers.
- The majority landlords or managing agents in Hassocks levy fees for providing management packs for a leasehold premises. You or your lawyers should find out the fee that they propose to charge. The management pack can be applied for as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to receive management information is three weeks. It is the most usual cause of delay in leasehold conveyancing in Hassocks.
All being well we will complete our sale of a £275000 garden flat in Hassocks in just under a week. The freeholder has quoted £324 for Landlord’s certificate, insurance certificate and 3 years statements of service charge. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Hassocks?
Hassocks conveyancing on leasehold flats normally involves the purchaser’s conveyancer sending enquiries for the landlord to address. Although the landlord is under no legal obligation to address these enquiries the majority will be content to do so. They are entitled levy a reasonable charge for responding to questions or supplying documentation. There is no set fee. The average costs for the paperwork that you are referring to is over three hundred pounds, in some transactions it is above £800. The administration charge demanded by the landlord must be sent together with a summary of entitlements and obligations in respect of administration fees, without which the charge is technically not due. Reality however dictates that you have little choice but to pay whatever is demanded if you want to sell the property.
Leasehold Conveyancing in Hassocks - Examples of Queries Prior to buying
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It is important to be aware whether changing the roof or some other significant cost is due shortly to be shared by the tenants and could well dramatically impact the level of the maintenance costs or necessitate a specific payment.
You will want to find out as much as possible about the managing agents as they will either make living at the property much simpler or problematic. Being a leasehold owner you will be in the clutches of the managing agents from a financial perspective and when it comes to practical matters like the upkeep of the common parts. Enquire of other people whether they are happy with them. In conclusion, be sure you discover the dates that you are obliged pay the service charge to the managing agents and precisely what it includes.
Can you tell me if there are any major works on the horizon that will add a premium to the maintenance charges?
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