Recently asked questions relating to St Paul's Cray leasehold conveyancing
My partner and I may need to sub-let our St Paul's Cray garden flat for a while due to taking a sabbatical. We instructed a St Paul's Cray conveyancing firm in 2001 but they have since shut and we did not have the foresight to get any guidance as to whether the lease allows us to sublet. How do we find out?
Notwithstanding that your last St Paul's Cray conveyancing solicitor is not around you can check your lease to see if you are permitted to let out the premises. The rule is that if the lease is silent, subletting is allowed. There may be a precondition that you must seek permission from your landlord or some other party prior to subletting. The net result is you not allowed to sublet without first obtaining permission. The consent must not not be unreasonably withheld. If your lease prohibits you from letting out the property you will need to ask your landlord for their consent.
Looking forward to sign contracts shortly on a basement flat in St Paul's Cray. Conveyancing solicitors inform me that they are sending me a report within the next couple of days. What should I be looking out for?
Your report on title for your leasehold conveyancing in St Paul's Cray should include some of the following:
- You should receive a copy of the lease
I today plan to offer on a house that appears to meet my requirements, at a reasonable price which is making it more attractive. I have subsequently discovered that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns buying a leasehold house in St Paul's Cray. Conveyancing solicitors have not yet been instructed. Will my lawyers set out the implications of buying a leasehold house in St Paul's Cray ?
Most houses in St Paul's Cray are freehold and not leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in St Paul's Cray so you should seriously consider looking for a St Paul's Cray conveyancing solicitor and check that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a leaseholder you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as requiring the landlord’sconsent to conduct changes to the property. You may also be required to pay a contribution towards the upkeep of the estate where the house is part of an estate. Your conveyancer will advise you fully on all the issues.
Can you provide any top tips for leasehold conveyancing in St Paul's Cray from the point of view of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in St Paul's Cray can be reduced where you instruct lawyers as soon as you market your property and request that they start to put together the leasehold information which will be required by the buyers lawyers.
- Many landlords or managing agents in St Paul's Cray charge for providing management packs for a leasehold premises. You or your lawyers should discover the fee that they propose to charge. The management pack can be applied for on or before finding a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most usual reason for frustration in leasehold conveyancing in St Paul's Cray.
If all goes to plan we aim to complete the sale of our £350000 flat in St Paul's Cray in 8 days. The management company has quoted £348 for Landlord’s certificate, building insurance schedule and previous years service charge statements. Is the landlord entitled to charge an administration fee for a leasehold conveyance in St Paul's Cray?
St Paul's Cray conveyancing on leasehold maisonettes usually involves fees being levied by landlords agents :
- Completing pre-contract enquiries
- Where consent is required before sale in St Paul's Cray
- Supplying insurance information
- Deeds of covenant upon sale
- Registering of the assignment of the change of lessee after a sale
I am the proprietor of a first floor flat in St Paul's Cray. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the amount due for the purchase of the freehold?
in cases where there is a missing freeholder or where there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to arrive at the sum to be paid.
An example of a Lease Extension decision for a St Paul's Cray premises is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case was in relation to 1 flat. The remaining number of years on the lease was 50.57 years.