Common questions relating to Newhaven leasehold conveyancing
I only have 62 years unexpired on my flat in Newhaven. I now wish to get lease extension but my landlord is can not be found. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. You will be obliged to prove that you have used your best endeavours to track down the freeholder. In some cases a specialist should be useful to carry out a search and to produce a report to be accepted by the court as proof that the landlord can not be located. It is wise to seek advice from a solicitor in relation to proving the landlord’s disappearance and the vesting order request to the County Court overseeing Newhaven.
Due to sign contracts shortly on a garden flat in Newhaven. Conveyancing lawyers have said that they are sending me a report within the next couple of days. What should I be looking out for?
Your report on title for your leasehold conveyancing in Newhaven should include some of the following:
- You should be sent a copy of the lease
Estate agents have just been given the go-ahead to market my basement apartment in Newhaven.Conveyancing is yet to be initiated but I have just received a yearly maintenance charge demand – what should I do?
It best that you pay the service charge 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 managing agents 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. Having a clear account will assist your cause and will leave you no worse off financially.
I am attracted to a two flats in Newhaven which have in the region of fifty years left on the leases. Will this present a problem?
There are plenty of short leases in Newhaven. The lease is a legal document that entitles you to use the property for a prescribed time frame. As a lease gets shorter the saleability of the lease decreases and results in it becoming more expensive to acquire a lease extension. For this reason it is generally wise to extend the lease term. More often than not it is difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We advise that you seek professional help from a conveyancer and surveyor with experience in this arena
Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £150000 maisonette in Newhaven on Friday in a week. The landlords agents has quoted £324 for Certificate of Compliance, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Newhaven?
For the majority of leasehold sales in Newhaven conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
- Answering pre-contract questions
- Where consent is required before sale in Newhaven
- Copies of the building insurance and schedule
- Deeds of covenant upon sale
- Registering of the assignment of the change of lessee after a sale
Leasehold Conveyancing in Newhaven - Examples of Queries Prior to buying
-
Plenty Newhaven leasehold flats will incur a service bill for the upkeep of the block set on behalf of the management company. If you acquire the property you will have to pay this liability, normally quarterly during the year. This may be anything from a couple of hundred pounds to thousands of pounds for buildings with lifts and large common grounds. There will also be a rentcharge for you to pay annual, this is usually not a significant figure, say around £50-£100 but you should to check it because occasionally it could be many hundreds of pounds.
The answer will be useful as a) areas can cause problems for the block as the communal areas may start to deteriorate where repairs are not paid for b) if the leasehold owners have an issue with the running of the building you will wish to have full disclosure
Does the lease include onerous restrictions?
Other Topics