Recently asked questions relating to Maida Hill leasehold conveyancing
Having had my offer accepted I require leasehold conveyancing in Maida Hill. Before diving in I would like to find out the unexpired term of the lease.
If the lease is registered - and almost all are in Maida Hill - 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 exchange soon on a basement flat in Maida Hill. Conveyancing lawyers inform me that they report fully tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in Maida Hill should include some of the following:
- How long the lease is You should be advised as what happens when the lease expires, and informed of the importance of the 80 year mark
Back In 2006, I bought a leasehold house in Maida Hill. Conveyancing and TSB mortgage organised. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing solicitor in Maida Hill who acted for me is not around.Any advice?
First make enquiries of the Land Registry to be sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Maida Hill conveyancing practitioner to do this as it can be done on-line for £3. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Do you have any top tips for leasehold conveyancing in Maida Hill with the intention of expediting the sale process?
- Much of the frustration in leasehold conveyancing in Maida Hill can be bypassed if you get in touch lawyers as soon as you market your property and ask them to put together the leasehold information needed by the buyers solicitors.
- Many landlords or managing agents in Maida Hill charge for supplying management packs for a leasehold homes. You or your lawyers should find out the fee that they propose to charge. The management pack can be applied for as soon as you have a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most frequent cause of delay in leasehold conveyancing in Maida Hill.
All being well we will complete the disposal of our £225000 maisonette in Maida Hill in 5 days. The managing agents has quoted £420 for Certificate of Compliance, building insurance schedule and previous years service charge statements. Is it legal for a freeholder to charge such fees for a flat conveyance in Maida Hill?
Maida Hill conveyancing on leasehold flats usually involves the purchaser’s lawyer sending questions for the landlord to address. Although the landlord is not legally bound to address these enquiries most will be willing to assist. They are at liberty levy a reasonable charge for responding to enquiries or supplying documentation. There is no set fee. The average costs for the information that you are referring to is over three hundred pounds, in some transactions it is above £800. The administration charge demanded by the landlord must be accompanied by a summary of rights and obligations in respect of administration fees, otherwise the charge is technically not due. In reality one has no choice but to pay whatever is requested of you if you want to exchange contracts with the buyer.
Following months of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Maida Hill. Can we issue an application to the Residential Property Tribunal Service?
You certainly can. We can put you in touch with a Maida Hill conveyancing firm who can help.
An example of a Lease Extension case for a Maida Hill flat is Flat 1 57 Oxford Gardens in January 2014. the Tribunal decided that the premium to be paidfor a new lease is £61,650.00. This case was in relation to 1 flat. The unexpired term was 60 years.
Other Topics