Top Five Questions relating to Maulden leasehold conveyancing
I am on look out for some leasehold conveyancing in Maulden. Before I set the wheels in motion I require certainty as to the number of years remaining on the lease.
If the lease is registered - and 99.9% are in Maulden - 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 only have Fifty years remaining on my lease in Maulden. I now want to extend my lease but my landlord is missing. What should I do?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply 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 prove that you have used your best endeavours to track down the lessor. For most situations an enquiry agent would be useful to carry out a search and to produce a report which can be used as proof that the landlord is indeed missing. It is wise to seek advice from a solicitor in relation to investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Maulden.
I am hoping to sign contracts shortly on a basement flat in Maulden. Conveyancing solicitors inform me that they will have a report out to me tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in Maulden should include some of the following:
- You should receive a copy of the lease
I’m about to sell my 2 bed flat in Maulden.Conveyancing solicitors are to be appointed soon but I have just received a half-yearly service charge demand – Do I pay up?
The sensible thing to do is pay the invoice 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 management companies will not acknowledge the buyer unless 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.
What are your top tips when it comes to choosing a Maulden conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a conveyancer for lease extension works (regardless if they are a Maulden conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you talk with several firms including non Maulden conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions might be of use:
- How many lease extensions have they completed in Maulden in the last 12 months?
Maulden Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing
Many Maulden leasehold apartments will have a service charge for maintenance of the building levied on behalf of the landlord. Where you acquire the apartment you will have to meet this contribution, usually quarterly accross the year. This may be anything from two or three hundred pounds to thousands of pounds for blocks with lifts and large communal areas. There will also be a ground rent to be met yearly, this is usually not a exorbitant figure, say about £25-£75 but you should to check as occasionally it can be surprisingly expensive.
How is the lease structured?
Make sure you investigate if there is anything that is prohibited in the lease. For example it is reasonably common in Maulden leases that pets are not allowed in in a block in Maulden. If you love the propertyin Maulden yet your cat can’t make the move with you then you will be faced hard decision.