Having had my offer accepted I require leasehold conveyancing in Llanfairpwllgwyngyll. Before I get started I want to be sure as to the number of years remaining on the lease.

If the lease is recorded at the land registry - and 99.9% are in Llanfairpwllgwyngyll - 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.

Planning to sign contracts shortly on a basement flat in Llanfairpwllgwyngyll. Conveyancing lawyers inform me that they will have a report out to me on Monday. What should I be looking out for?

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

• The unexpired lease term You should be advised as what happens when the lease expires, and informed of the importance of not letting the lease term falling below eighty years

I have just appointed agents to market my 2 bed flat in Llanfairpwllgwyngyll.Conveyancing is yet to be initiated but I have just received a yearly maintenance charge invoice – what should I do?

It best that you discharge 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 until 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 own a leasehold house in Llanfairpwllgwyngyll. Conveyancing and Yorkshire Building Society mortgage are in place. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1995. The conveyancing practitioner in Llanfairpwllgwyngyll who acted for me is not around.Do I pay?

The first thing you should do is make enquiries of the Land Registry to make sure that this person is indeed the new freeholder. You do not need to incur the fees of a Llanfairpwllgwyngyll conveyancing lawyer to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

I am employed by a busy estate agent office in Llanfairpwllgwyngyll where we have experienced a number of flat sales put at risk as a result of short leases. I have been given contradictory information from local Llanfairpwllgwyngyll conveyancing solicitors. Could you confirm whether the vendor of a flat can commence the lease extension process for the buyer?

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 sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.

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.

Leasehold Conveyancing in Llanfairpwllgwyngyll - Sample of Questions you should ask Prior to Purchasing

Is there a share of the freehold? For most Llanfairpwllgwyngyll leaseholds the cost for major works are not wrapped into the maintenance charges, although there some managing agents in Llanfairpwllgwyngyll obliged leasehold owners to contribute towards a reserve fund and this is used to offset against major repairs or maintenance. The answer will be helpful as a) areas could cause problems for the block as the communal areas may start to deteriorate where services remain unpaid b) if the leasehold owners have an issue with the managing agents you will need to have complete disclosure

Other Topics

Lease Extensions in Llanfairpwllgwyngyll