Having had my offer accepted I require leasehold conveyancing in Hedon. Before diving in I would like to find out the remaining lease term.

Assuming the lease is recorded at the land registry - and almost all are in Hedon - 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.

Expecting to sign contracts shortly on a basement flat in Hedon. Conveyancing solicitors assured me that they will have a report out to me next week. What should I be looking out for?

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

• Setting out your rights in respect of the communal areas in the block.By way of example, does the lease provide for a right of way over a path or staircase?

I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a great figure which is making it all the more appealing. I have subsequently found out that the title is leasehold as opposed to freehold. I would have thought that there are issues purchasing a leasehold house in Hedon. Conveyancing solicitors have are about to be instructed. Will my lawyers set out the implications of buying a leasehold house in Hedon ?

Most houses in Hedon are freehold and not leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area can help the conveyancing process. it is apparent that you are buying in Hedon in which case you should be looking for a Hedon conveyancing solicitor and check that they are used to dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. As a tenant you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as requiring the landlord’sconsent to conduct alterations. You may also be required to pay a maintenance charge towards the upkeep of the communal areas where the house is part of an estate. Your solicitor will advise you fully on all the issues.

I work for a busy estate agent office in Hedon where we have experienced a few flat sales put at risk as a result of leases having less than 80 years remaining. I have been given contradictory information from local Hedon conveyancing solicitors. Please can you confirm whether the owner of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?

As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.

An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

We expect to complete the sale of our £125000 apartment in Hedon on Thursday in a week. The freeholder has quoted £408 for Certificate of Compliance, building insurance schedule and previous years statements of service charge. Is the landlord entitled to charge such fees for a leasehold conveyance in Hedon?

Hedon conveyancing on leasehold maisonettes normally requires the buyer’s lawyer submitting questions for the landlord to address. Although the landlord is not legally bound to answer these enquiries the majority will be willing to do so. They are entitled levy a reasonable administration fee 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 cases it is above £800. The administration charge levied by the landlord must be sent together with a summary of rights and obligations in relation to administration fees, otherwise the charge is not strictly payable. In reality one has little choice but to pay whatever is demanded should you wish to complete the sale of your home.

Hedon Leasehold Conveyancing - Examples of Queries Prior to Purchasing

Generally speaking the outlay for major works tend not to be included within service charges, albeit that some managing agents in Hedon require tenants to pay into a sinking fund created for the specific purpose of establishing a fund for larger works. Most Hedon leasehold flats will have a service charge for the upkeep of the building invoiced by the freeholder. Should you acquire the property you will have to pay this charge, normally in instalments throughout the year. This may vary from several hundred pounds to thousands of pounds for large purpose-built blocks. In all likelihood there will be a rentcharge for you to pay annual, this is usually not a exorbitant amount, say approximately £25-£75 but you need to enquire as on occasion it could be many hundreds of pounds. This information is helpful as a) areas could cause problems in the block as the communal areas may start to deteriorate where maintenance remain unpaid b) if the leasehold owners have an issue with the running of the building you will need to know about it

Other Topics

Lease Extensions in Hedon