I am in need of some leasehold conveyancing in Mousehole. Before I set the wheels in motion I require certainty as to the remaining lease term.

Assuming the lease is registered - and almost all are in Mousehole - 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.

Planning to complete next month on a basement flat in Mousehole. Conveyancing solicitors have said that they report fully on Monday. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in Mousehole should include some of the following:

• The unexpired lease term You should be advised as what happens when the lease expires, and informed of the importance of not letting the lease term falling below eighty years

Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, freeholder

The total extent of the demise. This will be the property itself but may include a loft or basement if appropriate.

Setting out your legal entitlements in respect of common areas in the building.For instance, does the lease provide for a right of way over an accessway or hallways?

Whether your lease has a provision for a reserve fund?

Changes to the flat (alterations and additions)

Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? For a comprehensive list of information to be included in your report on your leasehold property in Mousehole please enquire of your lawyer in advance of your conveyancing in Mousehole

I am attracted to a couple of flats in Mousehole both have in the region of forty five years unexpired on the leases. Will this present a problem?

A lease is a right to use the property for a period of time. As the lease gets shorter the marketability of the lease decreases and results in it becoming more costly to extend the lease. For this reason it is advisable to extend the lease term. More often than not it is difficult to sell a property with a short lease as mortgage lenders may be unwilling to lend money on such properties. Lease enfranchisement can be a protracted process. We advise that you seek professional help from a solicitor and surveyor with experience in this arena

What are your top tips when it comes to appointing a Mousehole conveyancing practice to deal with our lease extension?

When appointing a property lawyer for lease extension works (regardless if they are a Mousehole conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you make enquires with two or three firms including non Mousehole 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:

• What volume of lease extensions have they carried out in Mousehole in the last 12 months?

Can they put you in touch with client in Mousehole who can give a testimonial?

All being well we will complete our sale of a £350000 flat in Mousehole next week. The landlords agents has quoted £420 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Mousehole?

Mousehole conveyancing on leasehold maisonettes normally necessitates fees being invoiced by freeholders :

• Completing pre-exchange enquiries
• Where consent is required before sale in Mousehole
• Supplying insurance information
• Deeds of covenant upon sale
• Registering of the assignment of the change of lessee after a sale

Your lawyer will have no control over the level of the charges for this information but the average costs for the information for Mousehole leasehold premises is £350. For Mousehole conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are required to provide the information.

Mousehole Leasehold Conveyancing - Sample of Queries Prior to Purchasing

Its a good idea to discover as much as you can regarding the managing agents as they will affect your use and enjoyment of the property. Being a leasehold owner you are frequently in the clutches of the managing agents both financially and when it comes to day to day issues like the upkeep of the common parts. Enquire of other tenants what they think of them. Finally, investigate as to the dates that the maintenance charges are due to the relevant party and specifically what you get for your money. Is anyone aware of any major works in the near future that will likely increase the service costs? How long is the Lease?

Other Topics

Lease Extensions in Mousehole