Examples of recent questions relating to leasehold conveyancing in Linton
I am in need of some leasehold conveyancing in Linton. Before I set the wheels in motion I require certainty as to the remaining lease term.
If the lease is registered - and 99.9% are in Linton - 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.
I only have Sixty One years unexpired on my flat in Linton. I now wish to extend my lease but my landlord is missing. What options are available to me?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the magistrate. You will be obliged to prove that you have used your best endeavours to locate the landlord. For most situations a specialist may be useful to carry out a search and prepare an expert document to be used as proof that the landlord is indeed missing. It is advisable to get professional help from a property lawyer both on investigating the landlord’s disappearance and the application to the County Court covering Linton.
Due to sign contracts shortly on a leasehold property in Linton. Conveyancing lawyers inform me that they report fully next week. What should I be looking out for?
Your report on title for your leasehold conveyancing in Linton should include some of the following:
- You should receive a copy of the lease
I am a negotiator for a long established estate agency in Linton where we have witnessed a few flat sales jeopardised due to short leases. I have been given contradictory information from local Linton conveyancing firms. Can you shed some light as to whether the seller of a flat can start the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Do you have any advice for leasehold conveyancing in Linton from the point of view of expediting the sale process?
- Much of the frustration in leasehold conveyancing in Linton can be reduced where you instruct lawyers the minute your agents start advertising the property and request that they start to collate the leasehold information needed by the buyers lawyers.
- If you have carried out any alterations to the residence would they have required Landlord’s consent? In particular have you laid down wooden flooring? Linton leases often stipulate that internal structural alterations or laying down wooden flooring require a licence issued by the Landlord acquiescing to such changes. Where you dont have the consents to hand do not communicate with the landlord without checking with your solicitor before hand.
Linton Leasehold Conveyancing - Examples of Questions you should ask Prior to Purchasing
Is anyone aware of any major works on the horizon that will increase the service fees?
You will want to discover as much as you can about the managing agents as they will either make life much easier or uncomfortable. Being a leasehold owner you will be in the clutches of the managing agents from a financial perspective and when it comes to every day matters such as the tidiness of the communal areas. Ask other tenants what they think of their service. In conclusion, investigate as to the dates that the maintenance charges are due to the managing agents and precisely what you get for your money.
Most Linton leasehold properties will incur a service bill for maintenance of the block invoiced on behalf of the freeholder. Should you purchase the apartment you will have to meet this contribution, usually in instalments accross the year. This may be anything from a couple of hundred pounds to thousands of pounds for blocks with lifts and large common areas. In all probability there will be a ground rent for you to pay yearly, this is usually not a significant figure, say around £50-£100 but you need to enquire it because sometimes it could be surprisingly expensive.