Sample questions relating to Mortimer leasehold conveyancing
Having had my offer accepted I require leasehold conveyancing in Mortimer. Before I set the wheels in motion I would like to find out the unexpired term of the lease.
If the lease is registered - and most are in Mortimer - 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.
Due to exchange soon on a leasehold property in Mortimer. Conveyancing lawyers inform me that they will have a report out to me within the next couple of days. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Mortimer should include some of the following:
- The physical extent of the property. This will be the apartment itself but could also incorporate a loft or cellar if appropriate.
I've recently bought a leasehold flat in Mortimer. Do I have any liability for service charges for periods before my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
What are your top tips when it comes to finding a Mortimer conveyancing practice to deal with our lease extension?
If you are instructing a conveyancer for lease extension works (regardless if they are a Mortimer conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggested that you make enquires with two or three firms including non Mortimer conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions might be helpful:
- What volume of lease extensions have they carried out in Mortimer in the last twenty four months?
We expect to complete the sale of our £350000 maisonette in Mortimer in just under a week. The managing agents has quoted £348 for Landlord’s certificate, insurance certificate and 3 years statements of service charge. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Mortimer?
Mortimer conveyancing on leasehold maisonettes usually results in fees being invoiced by landlords agents :
- Completing pre-exchange questions
- Where consent is required before sale in Mortimer
- Supplying insurance information
- Deeds of covenant upon sale
- Registering of the assignment of the change of lessee after a sale
Mortimer Leasehold Conveyancing - Examples of Queries before buying
Be sure to investigate if the the lease contains any unreasonable restrictions in the lease. By way of example some leases prohibit pets being allowed in certain buildings in Mortimer. If you love the flatin Mortimer yet your cat can’t live with you then you have a very difficult determination.
How long is the Lease?
In the main the outlay for major works tend not to be wrapped into the service charges, albeit that some managing agents in Mortimer require leaseholders to contribute towards a sinking fund created for the specific intention of establishing a fund for larger repairs or maintenance.