Fixed-fee leasehold conveyancing in Kingsbridge:

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Recently asked questions relating to Kingsbridge leasehold conveyancing

I am intending to rent out my leasehold flat in Kingsbridge. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?

Notwithstanding that your last Kingsbridge conveyancing lawyer is no longer around you can check your lease to check if you are permitted to let out the premises. The accepted inference is that if the lease is non-specific, subletting is permitted. Quite often there is a prerequisite that you must obtain consent via your landlord or some other party before subletting. This means you not allowed to sublet in the absence of prior consent. Such consent is not allowed to be unreasonably turned down. If the lease prohibits you from subletting the property you should ask your landlord if they are willing to waive this restriction.

Looking forward to complete next month on a garden flat in Kingsbridge. Conveyancing solicitors assured me that they will have a report out to me next week. Are there areas in the report that I should be focusing on?

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

  • Defining your rights in respect of the communal areas in the block.For instance, does the lease provide for a right of way over an accessway or hallways?
  • Does the lease require carpeting throughout thus preventing wood flooring?
  • Ground rent - how much and when you need to pay, and also know whether this will change in the future
  • An explanation as to the provision in the lease to pay service charges - with regard to both the building, and the more general rights a leaseholder has
  • Whether your lease has a provision for a reserve fund?
  • You should have a good understanding of the insurance provisions
  • What the implications are if you breach a clause of your lease? For details of the information to be included in your report on your leasehold property in Kingsbridge please enquire of your lawyer in ahead of your conveyancing in Kingsbridge

    • I’m about to sell my 2 bed apartment in Kingsbridge.Conveyancing solicitors are to be appointed soon but I have just received a half-yearly service charge invoice – should I leave it to the buyer to sort out?

    It best that you clear the service charge as normal because all ground rent and service charges will be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

    What are your top tips when it comes to appointing a Kingsbridge conveyancing practice to carry out our lease extension conveyancing?

    If you are instructing a property lawyer for your lease extension (regardless if they are a Kingsbridge conveyancing firm) it is imperative 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 Kingsbridge conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions might be of use:

    • What volume of lease extensions have they carried out in Kingsbridge in the last twenty four months?
  • What are the legal fees for lease extension conveyancing?

    • Do you have any advice for leasehold conveyancing in Kingsbridge with the purpose of saving time on the sale process?

    • A significant proportion of the frustration in leasehold conveyancing in Kingsbridge can be reduced if you appoint lawyers the minute your agents start advertising the property and request that they start to put together the leasehold documentation needed by the purchasers’ conveyancers.
    • Many landlords or Management Companies in Kingsbridge levy fees for supplying management packs for a leasehold property. You or your lawyers should find out the actual amount of the charges. The management pack sought on or before finding a buyer, thus reducing delays. The typical amount of time it takes to receive management information is three weeks. It is the most common reason for delay in leasehold conveyancing in Kingsbridge.
  • A minority of Kingsbridge leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to place the estate agents on notice to make sure that the purchasers put in hand financial (bank) and professional references. Any bank reference should make it clear that the buyer is able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their lawyers.
  • If you have had conflict with your freeholder or managing agents it is essential that these are settled before the property is put on the market. The buyers and their solicitors will be warry about purchasing a flat where a dispute is ongoing. You may need to swallow your pride and discharge any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the purchasers, but it is clearly preferable to reveal the dispute as over as opposed to unsettled.
  • If you are supposed to have a share in the freehold, you should ensure that you have the original share certificate. Organising a replacement share certificate can be a time consuming process and frustrates many a Kingsbridge home move. If a new share is required, do contact the company officers or managing agents (if applicable) for this sooner rather than later.

    • Kingsbridge Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to Purchasing

      How much is the service charge and ground rent on the apartment? The majority of Kingsbridge leasehold flats will incur a service bill for the upkeep of the block levied by the freeholder. Where you purchase the apartment you will have to meet this charge, usually quarterly accross the year. This may vary from two or three hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a rentcharge for you to pay yearly, ordinarily this is not a significant amount, say about £50-£100 but you should to check as occasionally it can be many hundreds of pounds. How many years are left on the lease?

    Other Topics

    Lease Extensions in Kingsbridge