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Top Five Questions relating to Little Bromwich leasehold conveyancing

I am on look out for some leasehold conveyancing in Little Bromwich. Before I get started I want to be sure as to the number of years remaining on the lease.

Assuming the lease is registered - and almost all are in Little Bromwich - 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 wife and I may need to sub-let our Little Bromwich basement flat for a while due to taking a sabbatical. We used a Little Bromwich conveyancing practice in 2003 but they have since shut and we did not have the foresight to seek any guidance as to whether the lease allows us to sublet. How do we find out?

Some leases for properties in Little Bromwich do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord cannot unreasonably refuse but, in such cases, they would need to see references. Experience suggests 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 permission.

I am hoping to exchange soon on a basement flat in Little Bromwich. Conveyancing solicitors 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 Little Bromwich 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
  • The physical extent of the premises. This will be the flat itself but might incorporate a loft or cellar if appropriate.
  • Setting out your legal entitlements in relation to the communal areas in the block.By way of example, does the lease permit a right of way over a path or staircase?
  • Are pets allowed in the flat?
  • Whether your lease has a provision for a reserve fund?
  • Changes to the flat (alterations and additions)
  • Responsibility for repairing the window frames For a comprehensive list of information to be contained in your report on your leasehold property in Little Bromwich please enquire of your solicitor in advance of your conveyancing in Little Bromwich

    • What advice can you give us when it comes to finding a Little Bromwich conveyancing firm to carry out our lease extension conveyancing?

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

    • How familiar is the firm with lease extension legislation?
  • What are the charges for lease extension conveyancing?

    • Can you provide any top tips for leasehold conveyancing in Little Bromwich from the perspective of expediting the sale process?

    • Much of the delay in leasehold conveyancing in Little Bromwich can be avoided if you get in touch lawyers as soon as your agents start marketing the property and request that they start to collate the leasehold documentation needed by the purchasers’ conveyancers.
    • Many landlords or Management Companies in Little Bromwich charge for supplying management packs for a leasehold homes. You or your lawyers should find out the fee that they propose to charge. The management information can be applied for as soon as you have a buyer, thus reducing delays. The average time it takes to obtain the necessary information is three weeks. It is the most frequent cause of frustration in leasehold conveyancing in Little Bromwich.
  • Some Little Bromwich leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers put in hand bank and professional references. The bank reference should make it clear that the buyer is financially capable of paying 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 buyers or their lawyers.
  • If you hold a share in a the freehold, you should ensure that you hold the original share document. Obtaining a duplicate share certificate is often a time consuming process and slows down many a Little Bromwich conveyancing transaction. Where a reissued share is necessary, you should approach the company officers or managing agents (where applicable) for this at the earliest opportunity.
  • You believe that you know the number of years remaining on your lease but you should double-check via your conveyancers. A buyer’s lawyer will not be happy to advise their client to where the remaining number of years is below 80 years. In the circumstances it is important at an as soon as possible that you identify whether the lease for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale.

    • Leasehold Conveyancing in Little Bromwich - A selection of Queries Prior to Purchasing

      How much is the ground rent and service charge? How long is the Lease? Plenty Little Bromwich leasehold apartments will have a service charge for maintenance of the building levied by the management company. If you acquire the property you will have to meet this charge, normally quarterly throughout the year. This can differ from several hundred pounds to thousands of pounds for blocks with lifts and large communal areas. There will also be a rentcharge for you to pay yearly, this is usually not a large sum, say approximately £25-£75 but you need to enquire as occasionally it could be surprisingly expensive.

    Other Topics

    Lease Extensions in Little Bromwich