Sample questions relating to Brondesbury leasehold conveyancing
I am in need of some leasehold conveyancing in Brondesbury. Before diving in I require certainty as to the remaining lease term.
Assuming the lease is registered - and most are in Brondesbury - 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 complete next month on a basement flat in Brondesbury. Conveyancing lawyers assured me that they will have a report out to me within the next couple of days. What should I be looking out for?
The report on title for your leasehold conveyancing in Brondesbury should include some of the following:
- The length of the lease term You should be advised as what happens when the lease ends, and aware of the importance of not letting the lease term falling below eighty years
I am attracted to a two maisonettes in Brondesbury which have approximately fifty years left on the lease term. Will this present a problem?
There are plenty of short leases in Brondesbury. The lease is a legal document that entitles you to use the property 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 generally wise to extend the lease term. More often than not it is difficult to sell a property with a short lease as mortgage lenders less inclined to grant a loan on properties of this type. Lease enfranchisement can be a difficult process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this area
What advice can you give us when it comes to finding a Brondesbury conveyancing firm to deal with our lease extension?
When appointing a property lawyer for lease extension works (regardless if they are a Brondesbury conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you talk with several firms including non Brondesbury conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions could be of use:
- How many lease extensions have they carried out in Brondesbury in the last 12 months?
Do you have any top tips for leasehold conveyancing in Brondesbury with the aim of saving time on the sale process?
- A significant proportion of the delay in leasehold conveyancing in Brondesbury can be reduced where you get in touch lawyers as soon as your agents start advertising the property and request that they start to put together the leasehold information needed by the buyers conveyancers.
- In the event that you altered the property did you need the Landlord’s approval? Have you, for example installed wooden flooring? Brondesbury leases often stipulate that internal structural alterations or addition of wooden flooring calls for a licence from the Landlord approving such changes. Where you dont have the approvals in place do not contact the landlord without checking with your lawyer in advance.
After years of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Brondesbury. Can we issue an application to the Residential Property Tribunal Service?
if there is a absentee freeholder or where there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to decide the premium.
An example of a Lease Extension case for a Brondesbury residence is 50a Cavendish Road in April 2014. The Tribunal determines that the premium payable by the Applicant in respect of the extension of the lease for the flat was £82,319. This case related to 1 flat. The the unexpired term as at the valuation date was 49.26 years.