Leasehold Conveyancing in Oundle - Get a Quote from the leasehold experts approved by your lender

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Any conveyancing solicitor can theoretically deal with your leasehold conveyancing in Oundle, your mortgage provider may not be willing to work with them if the firm are not on their list of approved solicitors for conveyancing

Questions and Answers: Oundle leasehold conveyancing

My fiance and I may need to let out our Oundle garden flat for a while due to taking a sabbatical. We instructed a Oundle conveyancing firm in 2004 but they have since shut and we did not have the foresight to get any guidance as to whether the lease allows us to sublet. How do we find out?

Your lease governs relations between the freeholder and you the leaseholder; specifically, it will say if subletting is prohibited, or permitted but only subject to certain caveats. The accepted inference is that if the lease contains no expres ban or restriction, subletting is permitted. The majority of leases in Oundle do not contain subletting altogether – such a provision would undoubtedly devalue the property. Instead, there is usually simply a requirement that the owner notifies the freeholder, possibly sending a duplicate of the sublease.

There are only Sixty One years remaining on my flat in Oundle. I now wish to get lease extension but my landlord is missing. What are my options?

On the basis that 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 enable the lease to be lengthened by the Court. You will be obliged to demonstrate that you or your lawyers have made all reasonable attempts to locate the freeholder. On the whole a specialist would be helpful to try and locate and prepare a report which can be accepted by the court as evidence that the landlord is indeed missing. It is wise to seek advice from a property lawyer in relation to proving the landlord’s absence and the vesting order request to the County Court covering Oundle.

Planning to sign contracts shortly on a leasehold property in Oundle. Conveyancing solicitors inform me that they report fully within the next couple of days. What should I be looking out for?

The report on title for your leasehold conveyancing in Oundle should include some of the following:

  • You should receive a copy of the lease
  • The total extent of the premises. This will be the apartment itself but may incorporate a loft or cellar if appropriate.
  • Defining your rights in relation to the communal areas in the building.For example, does the lease grant a right of way over an accessway or staircase?
  • Are pets allowed in the flat?
  • Whether the lease restricts you from letting out the flat, or having a home office for business
  • Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice?
  • What options are open to you if a neighbour is in violation of a provision in their lease? For details of the information to be contained in your report on your leasehold property in Oundle please ask your solicitor in advance of your conveyancing in Oundle

    • I've found a house that appears to meet my requirements, at a great figure which is making it more attractive. I have subsequently found out that the title is leasehold as opposed to freehold. I would have thought that there are issues purchasing a leasehold house in Oundle. Conveyancing solicitors have not yet been appointed. Will my lawyers set out the implications of buying a leasehold house in Oundle ?

    The majority of houses in Oundle are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. We note that you are purchasing in Oundle so you should seriously consider looking for a Oundle conveyancing practitioner and be sure that they are used to dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as requiring the freeholder’sconsent to conduct alterations. You may also be required to pay a service charge towards the upkeep of the communal areas where the property is part of an estate. Your conveyancer should report to you on the legal implications.

    I work for a busy estate agent office in Oundle where we have witnessed a number of leasehold sales put at risk due to short leases. I have been given inconsistent advice from local Oundle conveyancing solicitors. Could you confirm whether the owner of a flat can commence the lease extension process for the purchaser on completion of the sale?

    Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.

    An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

    Leasehold Conveyancing in Oundle - Examples of Queries Prior to buying

      How long is the Lease? How many of the leaseholders are in arrears for their maintenance charge payments? For most Oundle leaseholds the cost for major works tend not to be included within maintenance charges, albeit that some managing agents in Oundle ask leaseholders to pay into a reserve fund created for the specific intention of building a fund for larger works.

    Other Topics

    Lease Extensions in Oundle