Examples of recent questions relating to leasehold conveyancing in Ickenham
I am in need of some leasehold conveyancing in Ickenham. Before diving in I want to be sure as to the number of years remaining on the lease.
If the lease is registered - and most are in Ickenham - 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.
I only have 62 years unexpired on my lease in Ickenham. I need to extend my lease but my landlord is missing. What are my options?
On the basis that you qualify, 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 lengthened by the magistrate. However, you will be required to prove that you have made all reasonable attempts to track down the freeholder. For most situations a specialist may be useful to carry out a search and to produce a report to be used as evidence that the landlord is indeed missing. It is advisable to get professional help from a conveyancer in relation to proving the landlord’s disappearance and the vesting order request to the County Court overseeing Ickenham.
Expecting to exchange soon on a leasehold property in Ickenham. Conveyancing lawyers assured me that they report fully within the next couple of days. What should I be looking out for?
The report on title for your leasehold conveyancing in Ickenham should include some of the following:
- The total extent of the premises. This will be the apartment itself but might incorporate a roof space or basement if applicable.
I am tempted by the attractive purchase price for a couple of maisonettes in Ickenham which have approximately forty five years remaining on the leases. Will this present a problem?
There are plenty of short leases in Ickenham. The lease is a right to use the premises for a prescribed time frame. As the lease shortens the marketability of the lease deteriorate and it becomes more costly to acquire a lease extension. This is why it is generally wise to increase the term of the lease. More often than not it is difficult to sell a property with a short lease as mortgage companies may be unwilling to lend money on such properties. Lease enfranchisement can be a protracted process. We recommend you get professional help from a conveyancer and surveyor with experience in this arena
Can you provide any top tips for leasehold conveyancing in Ickenham with the aim of speeding up the sale process?
- Much of the delay in leasehold conveyancing in Ickenham can be reduced if you instruct lawyers as soon as your agents start marketing 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 property would they have required Landlord’s approval? In particular have you laid down wooden flooring? Most leases in Ickenham state that internal structural alterations or addition of wooden flooring require a licence issued by the Landlord acquiescing to such alterations. If you fail to have the consents to hand you should not contact the landlord without contacting your conveyancer in the first instance.
I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can a leaseholder apply to the Leasehold Valuation Tribunal? Can you recommend a Ickenham conveyancing firm to help?
in cases where there is a absentee landlord or if there is dispute about the premium for a lease extension, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to calculate the price payable.
An example of a Lease Extension decision for a Ickenham property is Flat 72 Queens Walk in January 2013. The Tribunals calculated the premium payable to be £22,090. This case was in relation to 1 flat. The remaining number of years on the lease was 53.26 years.
Other Topics