Experts for Leasehold Conveyancing in Old Coulsdon

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While any conveyancing solicitor can theoretically handle your leasehold conveyancing in Old Coulsdon, your mortgage provider may unwilling to work with them if the firm are not on their list of approved solicitors for conveyancing

Old Coulsdon leasehold conveyancing: Q and A’s

I am in need of some leasehold conveyancing in Old Coulsdon. Before I get started I want to be sure as to the unexpired term of the lease.

Assuming the lease is registered - and 99.9% are in Old Coulsdon - 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.

I am hoping to exchange soon on a studio apartment in Old Coulsdon. Conveyancing solicitors inform me that they report fully within the next couple of days. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in Old Coulsdon 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.
  • Are pets allowed in the flat?
  • Does the lease prevent you from letting out the property, or having a home office for business
  • An explanation as to the provision in the lease to pay service charges - with regard to both the building, and the more general rights a leaseholder has
  • The landlord’s rights to access the flat you be made aware that your landlord has rights of access and I know how much notice s/he must provide.
  • The landlord’s obligations to repair and maintain the building. It is important that you know who is responsible for the repair and maintenance of every part of the building
  • What options are open to you if a neighbour is in violation of a provision in their lease? For a comprehensive list of information to be included in your report on your leasehold property in Old Coulsdon please enquire of your solicitor in ahead of your conveyancing in Old Coulsdon

    • Estate agents have just been given the go-ahead to market my garden flat in Old Coulsdon.Conveyancing is yet to be initiated but I have just had a yearly service charge demand – what should I do?

    Your conveyancing lawyer is likely to suggest that you should 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 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.

    Can you offer any advice when it comes to choosing a Old Coulsdon conveyancing practice to carry out our lease extension conveyancing?

    If you are instructing a conveyancer for lease extension works (regardless if they are a Old Coulsdon conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of work. We recommend that you speak with several firms including non Old Coulsdon conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions could be of use:

    • Can they put you in touch with client in Old Coulsdon who can give a testimonial?
  • What are the legal fees for lease extension work?

    • Following months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Old Coulsdon. Can we issue an application to the Residential Property Tribunal Service?

    Most definitely. We are happy to put you in touch with a Old Coulsdon conveyancing firm who can help.

    An example of a Freehold Enfranchisement matter before the tribunal for a Old Coulsdon premises is 223 Brighton Road in September 2013. The premium payable for the acquisition freehold of the properties should be £10,934 (Ten thousand,nine hundred and thirty four pounds) This case affected 3 flats. The the unexpired term as at the valuation date was 75 years.

    What makes a Old Coulsdon lease defective?

    There is nothing unique about leasehold conveyancing in Old Coulsdon. All leases are unique and drafting errors can result in certain sections are not included. For example, if your lease is missing any of the following, it could be defective:

    • Repairing obligations to or maintain elements of the property
    • Insurance obligations
    • A provision for the recovery of money spent for the benefit of another party.
    • Service charge per centages that don't add up correctly leaving a shortfall

    A defective lease can cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Santander, Chelsea Building Society, and Britannia all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to grant the mortgage, obliging the purchaser to pull out.