Top Five Questions relating to Padstow leasehold conveyancing
My husband and I may need to sub-let our Padstow garden flat for a while due to a career opportunity. We used a Padstow conveyancing practice in 2004 but they have since shut and we did not think at the time get any guidance as to whether the lease allows us to sublet. How do we find out?
A small minority of properties in Padstow do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to review references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
I have recently realised that I have Seventy years unexpired on my flat in Padstow. I need to extend my lease 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 granted an extra 90 years by the magistrate. However, you will be required to demonstrate that you or your lawyers have used your best endeavours to locate the lessor. On the whole a specialist should be helpful to conduct investigations and prepare an expert document to be accepted by the court as proof that the landlord can not be located. It is wise to seek advice from a property lawyer both on devolving into the landlord’s absence and the vesting order request to the County Court overseeing Padstow.
Can you offer any advice when it comes to finding a Padstow conveyancing firm to deal with our lease extension?
When appointing a property lawyer for lease extension works (regardless if they are a Padstow conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We advise that you speak with several firms including non Padstow 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:
- How familiar is the practice with lease extension legislation?
Do you have any top tips for leasehold conveyancing in Padstow with the intention of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Padstow can be reduced if you instruct lawyers the minute your agents start marketing the property and request that they start to collate the leasehold information which will be required by the buyers conveyancers.
- If you have carried out any alterations to the premises would they have required Landlord’s permission? In particular have you laid down wooden flooring? Most leases in Padstow state that internal structural changes or addition of wooden flooring require a licence from the Landlord consenting to such changes. If you dont have the paperwork in place you should not communicate with the landlord without checking with your conveyancer in advance.
Completion in due on the sale of our £125000 flat in Padstow next week. The management company has quoted £408 for Landlord’s certificate, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Padstow?
Padstow conveyancing on leasehold apartments nine out of ten times results in fees being invoiced by freeholders :
- Completing pre-exchange enquiries
- Where consent is required before sale in Padstow
- Copies of the building insurance and schedule
- Deeds of covenant upon sale
- Registering of the assignment of the change of lessee after a sale
I am the registered owner of a 2 bed flat in Padstow, conveyancing formalities finalised in 1995. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Padstow with a long lease are worth £233,000. The average or mid-range amount of ground rent is £55 yearly. The lease ceases on 21st October 2086
With just 61 years left to run we estimate the price of your lease extension to range between £20,900 and £24,200 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.
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