Having checked my lease I have discovered that there are only Sixty One years unexpired on my flat in Llanarmon Yn Ial. I am keen to extend my lease but my landlord is can not be found. What should I do?

If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the Court. However, you will be required to prove that you have used your best endeavours to track down the freeholder. On the whole an enquiry agent may be useful to try and locate and prepare an expert document to be accepted by the court as proof that the landlord is indeed missing. It is wise to seek advice from a property lawyer both on proving the landlord’s absence and the application to the County Court covering Llanarmon Yn Ial.

Estate agents have just been given the go-ahead to market my 2 bed flat in Llanarmon Yn Ial.Conveyancing has not commenced but I have just had a quarterly maintenance charge invoice – Do I pay up?

It best that you pay 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 management companies 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.

I've found a house that seems to meet my requirements, at a great figure which is making it all the more appealing. I have since discovered that it's a leasehold rather than freehold. I am assuming that there are issues buying a house with a leasehold title in Llanarmon Yn Ial. Conveyancing lawyers have are soon to be instructed. Will my lawyers set out the risks of buying a leasehold house in Llanarmon Yn Ial ?

Most houses in Llanarmon Yn Ial are freehold rather than leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in Llanarmon Yn Ial in which case you should be shopping around for a Llanarmon Yn Ial conveyancing practitioner and be sure that they are used to transacting on leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example requiring the landlord’spermission to conduct alterations. You may also be required to pay a contribution towards the upkeep of the communal areas where the house is located on an estate. Your conveyancer will report to you on the legal implications.

I am looking at a couple of apartments in Llanarmon Yn Ial both have in the region of 50 years remaining on the lease term. Do I need to be concerned?

There are plenty of short leases in Llanarmon Yn Ial. The lease is a legal document that entitles you to use the property for a period of time. As the lease shortens the saleability of the lease decreases and it becomes more expensive to extend the lease. For this reason it is generally wise to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease because mortgage lenders may be reluctant to lend money on such properties. Lease enfranchisement can be a difficult process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this area

Completion in due on our sale of a £225000 flat in Llanarmon Yn Ial on Thursday in a week. The freeholder has quoted £396 for Certificate of Compliance, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a flat conveyance in Llanarmon Yn Ial?

For the majority of leasehold sales in Llanarmon Yn Ial conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :

• Completing conveyancing due diligence questions
• Where consent is required before sale in Llanarmon Yn Ial
• Copies of the building insurance and schedule
• Deeds of covenant upon sale
• Registering of the assignment of the change of lessee after a sale

Your solicitor will have no control over the level of the charges for this information but the average costs for the information for Llanarmon Yn Ial leasehold property is £350. For Llanarmon Yn Ial conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are obliged to supply the information.

Llanarmon Yn Ial Leasehold Conveyancing - Examples of Questions you should consider Prior to buying

You should be aware if it is no more than 80 years it will have adverse implications on the value of the apartment. Check with your mortgage company that they are willing to lend given the lease term. A short lease means that you will probably have to extend the lease at some point and it is worth finding out how much this would cost. Remember, in most cases you would need to own the premises for a couple of years before you are entitled to carry out a lease extension. Is the freehold reversion owned collectively by the leaseholders? For most Llanarmon Yn Ial leaseholds the cost for major works are not included within maintenance charges, albeit that a few managing agents in Llanarmon Yn Ial obliged leaseholders to pay into a reserve fund created for the specific purpose of establishing a fund for major repairs or maintenance.

Other Topics

Lease Extensions in Llanarmon Yn Ial