Questions and Answers: Neston leasehold conveyancing
Having had my offer accepted I require leasehold conveyancing in Neston. Before diving in I want to be sure as to the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and 99.9% are in Neston - 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.
Expecting to exchange soon on a basement flat in Neston. 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 Neston should include some of the following:
- You should be sent a copy of the lease
I own a leasehold house in Neston. Conveyancing and Accord Mortgages Ltd mortgage went though with no issue. I have received a letter from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1991. The conveyancing solicitor in Neston who acted for me is not around.Any advice?
First make enquiries of HMLR to make sure that the individual claiming to own the freehold is in fact the new freeholder. You do not need to instruct a Neston conveyancing solicitor to do this as you can do this on the Land Registry website for less than a fiver. Rest assured 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.
I am looking at a couple of maisonettes in Neston which have about fifty years unexpired on the lease term. should I be concerned?
There are plenty of short leases in Neston. The lease is a legal document that entitles you to use the premises for a period of time. As a lease gets shorter the value of the lease deteriorate and results in it becoming more costly to extend the lease. For this reason it is generally wise to increase the term of the lease. It is often difficulties arise selling premises with a short lease as mortgage lenders may be reluctant to lend money on properties of this type. Lease extension can be a difficult process. We recommend you get professional help from a conveyancer and surveyor with experience in this area
What are your top tips when it comes to finding a Neston conveyancing firm to carry out our lease extension conveyancing?
When appointing a solicitor for lease extension works (regardless if they are a Neston conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We recommend that you talk with several firms including non Neston conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. Some following of questions could be useful:
- How experienced is the firm with lease extension legislation?
Neston Conveyancing for Leasehold Flats - Sample of Queries Prior to Purchasing
Are any of leasehold owners in dispute over their service charge liability?
Make sure you discover if the the lease includes any unreasonable restrictions in the lease. For example it is reasonably common in Neston leases that pets are not allowed in certain buildings in Neston. If you like the apartmentin Neston however your cat is not allowed to make the move with you then you will be presented with a hard choice.
The prefered form of lease arrangement is if the freehold reversion is in the ownership of the leaseholders. In this situation the tenants have control and even though a managing agent is often retained where the building is bigger than a house conversion, the managing agent acts for the leaseholders themselves.