East Finchley leasehold conveyancing Example Support Desk Enquiries
I have recently realised that I have 72 years unexpired on my lease in East Finchley. I now wish to extend my lease but my landlord is can not be found. What options are available to me?
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 an order to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. However, you will be required to demonstrate that you have done all that could be expected to track down the freeholder. In some cases a specialist would be useful to carry out a search and prepare an expert document to be used as proof that the landlord can not be located. It is advisable to get professional help from a conveyancer in relation to devolving into the landlord’s disappearance and the application to the County Court overseeing East Finchley.
Looking forward to complete next month on a garden flat in East Finchley. Conveyancing lawyers inform me that they are sending me a report tomorrow. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in East Finchley should include some of the following:
- Defining your legal entitlements in relation to the communal areas in the building.For example, does the lease provide for a right of way over a path or hallways?
I own a leasehold house in East Finchley. Conveyancing and Bank of Ireland mortgage are in place. A letter has just been received from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1998. The conveyancing solicitor in East Finchley who previously acted has now retired.What should I do?
The first thing you should do is contact the Land Registry to make sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a East Finchley conveyancing practitioner to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I am tempted by the attractive purchase price for a two flats in East Finchley both have about fifty years unexpired on the lease term. should I be concerned?
There are plenty of short leases in East Finchley. The lease is a legal document that entitles you to use the premises for a prescribed time frame. As the lease gets shorter the value of the lease deteriorate and results in it becoming more expensive to acquire a lease extension. For this reason it is advisable to increase the term of the lease. It is often difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a protracted process. We recommend you seek professional help from a solicitor and surveyor with experience in this field
Can you provide any top tips for leasehold conveyancing in East Finchley with the purpose of speeding up the sale process?
- Much of the frustration in leasehold conveyancing in East Finchley can be reduced where you appoint lawyers the minute your agents start advertising the property and request that they start to collate the leasehold information which will be required by the purchasers’ lawyers.
- If you have carried out any alterations to the residence would they have required Landlord’s approval? In particular have you installed wooden flooring? East Finchley leases often stipulate that internal structural changes or laying down wooden flooring require a licence from the Landlord consenting to such alterations. Should you dont have the approvals in place you should not contact the landlord without contacting your solicitor in advance.
I own a ground-floor 1960’s flat in East Finchley. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the premium due for a lease extension?
Where there is a absentee freeholder or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to determine the amount due.
An example of a Lease Extension decision for a East Finchley flat is Ground Floor 110 Station Road in June 2013. The Tribunal found that the premium payable for a lease extension should be £31,665. This case related to 1 flat. The the unexpired term as at the valuation date was 56.65 years.