Leasehold Conveyancing in Kenilworth - Get a Quote from the leasehold experts approved by your lender

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Frequently asked questions relating to Kenilworth leasehold conveyancing

Having had my offer accepted I require leasehold conveyancing in Kenilworth. Before diving in I require certainty as to the remaining lease term.

Assuming the lease is registered - and 99.9% are in Kenilworth - 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.

Planning to complete next month on a garden flat in Kenilworth. Conveyancing solicitors inform me that they are sending me a report next week. Are there areas in the report that I should be focusing on?

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

  • Whether the lease restricts you from letting out the flat, or working from home
  • You need to be told what constitutes a Nuisance in the lease
  • You should have a good understanding of the insurance provisions
  • I don't know whether the lease allows me to alter or improve anything in the flat - you should know whether it applies to all alterations or just structural alteration, and whether consent is required
  • The landlord’s obligations to repair and maintain the building. It is important that you know who is responsible for the repair and maintenance of every part of the building
  • Responsibility for repairing the window frames
  • What the implications are if you breach a clause of your lease? For a comprehensive list of information to be contained in your report on your leasehold property in Kenilworth please enquire of your solicitor in ahead of your conveyancing in Kenilworth

    • My wife and I purchased a leasehold house in Kenilworth. Conveyancing and Platform Home Loans Ltd mortgage went though with no issue. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1995. The conveyancing practitioner in Kenilworth who acted for me is not around.Any advice?

    The first thing you should do is make enquiries of the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. It is not necessary to incur the fees of a Kenilworth conveyancing firm 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 rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

    I am attracted to a two apartments in Kenilworth both have approximately forty five years unexpired on the leases. Should I regard a short lease as a deal breaker?

    A lease is a right to use the property for a prescribed time frame. As a lease gets shorter the marketability of the lease deteriorate and it becomes more expensive to acquire a lease extension. This is why it is generally wise to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease as mortgage lenders less inclined to grant a loan on properties of this type. Lease enfranchisement can be a protracted process. We recommend you get professional help from a conveyancer and surveyor with experience in this arena

    Can you offer any advice when it comes to appointing a Kenilworth conveyancing practice to carry out our lease extension conveyancing?

    When appointing a property lawyer for lease extension works (regardless if they are a Kenilworth conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We suggested that you speak with several firms including non Kenilworth conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions might be useful:

    • Can they put you in touch with client in Kenilworth who can give a testimonial?
  • What are the legal fees for lease extension work?

    • I inherited a split level flat in Kenilworth, conveyancing having been completed half a dozen years ago. Can you work out an approximate cost of a lease extension? Similar properties in Kenilworth with over 90 years remaining are worth £210,000. The ground rent is £65 invoiced annually. The lease finishes on 21st October 2096

    With just 71 years remaining on your lease we estimate the premium for your lease extension to be between £9,500 and £11,000 plus legals.

    The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.

    Other Topics

    Lease Extensions in Kenilworth