Fixed-fee leasehold conveyancing in Laceby:

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Common questions relating to Laceby leasehold conveyancing

I am on look out for some leasehold conveyancing in Laceby. Before diving in I would like to find out the remaining lease term.

Assuming the lease is recorded at the land registry - and most are in Laceby - 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.

My fiance and I may need to rent out our Laceby 1st floor flat temporarily due to a career opportunity. We used a Laceby conveyancing practice in 2002 but they have since shut and we did not have the foresight to seek any advice as to whether the lease prohibits the subletting of the flat. How do we find out?

Notwithstanding that your last Laceby conveyancing solicitor is no longer around you can check your lease to check if it allows you to sublet the property. The accepted inference is that if the lease is silent, subletting is allowed. Quite often there is a prerequisite that you are obliged to seek consent from your landlord or other appropriate person before subletting. This means that you cannot sublet in the absence of prior consent. The consent is not allowed to be unreasonably withheld. If your lease prohibits you from letting out the property you will need to ask your landlord if they are willing to waive this restriction.

Planning to sign contracts shortly on a studio apartment in Laceby. Conveyancing solicitors inform me that they will have a report out to me on Monday. Are there areas in the report that I should be focusing on?

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

  • You should receive a copy of the lease
  • The total extent of the premises. This will be the apartment itself but might incorporate a loft or basement if appropriate.
  • Setting out your rights in respect of common areas in the building.By way of example, does the lease grant a right of way over an accessway or staircase?
  • You should be told what counts as a Nuisance in the lease
  • Repair and maintenance of the flat
  • 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 For details of the information to be contained in your report on your leasehold property in Laceby please enquire of your solicitor in advance of your conveyancing in Laceby

    • I am tempted by the attractive purchase price for a couple of apartments in Laceby both have in the region of 50 years unexpired on the lease term. Do I need to be concerned?

    A lease is a legal document that entitles you to use the premises for a prescribed time frame. As the lease shortens the marketability of the lease deteriorate and results in it becoming more costly to extend the lease. This is why it is often a good idea to increase the term of the lease. It is often difficulties arise selling premises with a short lease because 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 area

    I've recently bought a leasehold house in Laceby. Do I have any liability for service charges for periods before completion of my purchase?

    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 ensure 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).

    Laceby Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to buying

      This question is useful as a) areas may result in problems for the building as the communal areas may start to deteriorate where repairs are not paid for b) if the tenants have a dispute with the managing agents you will wish to have all the details Best to be warned whether window replacement or some other significant cost is pending that will be shared by the leasehold owners and will dramatically increase the the maintenance costs or require a specific invoice. Is there a share of the freehold?

    Other Topics

    Lease Extensions in Laceby