Hornsea leasehold conveyancing Example Support Desk Enquiries
I am hoping to sign contracts shortly on a studio apartment in Hornsea. Conveyancing solicitors have said that they report fully next week. What should I be looking out for?
The report on title for your leasehold conveyancing in Hornsea should include some of the following:
- You should be sent a copy of the lease
I own a leasehold house in Hornsea. Conveyancing and Coventry Building Society mortgage went though with no issue. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1994. The conveyancing practitioner in Hornsea who previously acted has now retired.What should I do?
First contact HMLR to make sure that this person is indeed the registered owner of the freehold reversion. There is no need to incur the fees of a Hornsea conveyancing solicitor to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Last month I purchased a leasehold house in Hornsea. Do I have any liability for service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
What are your top tips when it comes to appointing a Hornsea conveyancing firm to deal with our lease extension?
When appointing a property lawyer for your lease extension (regardless if they are a Hornsea conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We suggested that you speak with two or three firms including non Hornsea 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:
- How many lease extensions have they carried out in Hornsea in the last 12 months?
All being well we will complete our sale of a £425000 garden flat in Hornsea on Thursday in a week. The management company has quoted £300 for Landlord’s certificate, building insurance schedule and previous years statements of service charge. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Hornsea?
Hornsea conveyancing on leasehold flats normally involves the purchaser’s lawyer sending enquiries for the landlord to answer. Although the landlord is under no legal obligation to address these enquiries most will be willing to do so. They are entitled invoice a reasonable charge for responding to enquiries or supplying documentation. There is no set fee. The average fee for the paperwork that you are referring to is over three hundred pounds, in some cases it exceeds £800. The administration charge invoiced by the landlord must be accompanied by a synopsis of entitlements and obligations in respect of administration charges, otherwise the charge is technically not due. Reality however dictates that you have little option but to pay whatever is requested of you if you want to sell the property.
Hornsea Leasehold Conveyancing - Sample of Questions you should consider before Purchasing
What is the service charge and ground rent on the property?
For most Hornsea leaseholds the cost for major works are not included within maintenance charges, albeit that a few managing agents in Hornsea require tenants to contribute towards a reserve fund created for the specific intention of building a fund for major repairs or maintenance.
The prefered form of lease arrangement is where the freehold reversion is owned by the leaseholders. In this arrangement the leaseholders benefit from control and notwithstanding that a managing agent is frequently employed where the building is larger than a house conversion, the managing agent acts for the leaseholders themselves.