Sample questions relating to Ivybridge leasehold conveyancing
I wish to sublet my leasehold apartment in Ivybridge. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?
A small minority of properties in Ivybridge do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably withhold but, in such cases, they would need to review references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
Having checked my lease I have discovered that there are only Seventy years unexpired on my flat in Ivybridge. I am keen to get lease extension but my freeholder is can not be found. What options are available to me?
On the basis that 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 enable the lease to be granted an extra 90 years by the magistrate. You will be obliged to prove that you or your lawyers have done all that could be expected to locate the lessor. For most situations a specialist may be useful to carry out a search and to produce an expert document which can be used as evidence that the landlord is indeed missing. It is advisable to get professional help from a property lawyer in relation to devolving into the landlord’s disappearance and the vesting order request to the County Court overseeing Ivybridge.
I am hoping to sign contracts shortly on a garden flat in Ivybridge. Conveyancing lawyers have said that they are sending me a report on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Ivybridge should include some of the following:
- How long the lease is You should be advised as what happens when the lease ends, and informed of the importance of the 80 year mark
What advice can you give us when it comes to finding a Ivybridge conveyancing firm to deal with our lease extension?
If you are instructing a property lawyer for lease extension works (regardless if they are a Ivybridge conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with several firms including non Ivybridge conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. Some following of questions might be helpful:
- Can they put you in touch with client in Ivybridge who can give a testimonial?
Do you have any top tips for leasehold conveyancing in Ivybridge from the perspective of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in Ivybridge can be avoided if you get in touch lawyers the minute your agents start advertising the property and ask them to collate the leasehold documentation which will be required by the buyers representatives.
- In the event that you altered the property did you need the Landlord’s permission? In particular have you installed wooden flooring? Ivybridge leases often stipulate that internal structural changes or addition of wooden flooring require a licence issued by the Landlord acquiescing to such changes. If you dont have the approvals in place you should not contact the landlord without contacting your lawyer before hand.
I invested in buying a 2 bed flat in Ivybridge, conveyancing having been completed 4 years ago. How much will my lease extension cost? Equivalent properties in Ivybridge with over 90 years remaining are worth £180,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease finishes on 21st October 2086
With just 65 years remaining on your lease we estimate the premium for your lease extension to range between £15,200 and £17,600 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.