Fixed-fee leasehold conveyancing in Par:

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Leasehold conveyancing in Par is more complex than freehold. Your home move will be smoother where you choose a lawyer with a wealth of experience of leasehold conveyancing in Par and next step up in loc. The lawyers we recommend have been approved by your lender so use our search tool to check.

Recently asked questions relating to Par leasehold conveyancing

I am on look out for some leasehold conveyancing in Par. Before diving in I would like to find out the number of years remaining on the lease.

If the lease is registered - and 99.9% are in Par - 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.

Due to complete next month on a garden flat in Par. Conveyancing lawyers assured me that they are sending me a report next week. Are there areas in the report that I should be focusing on?

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

  • Will you be prohibited or prevented from having pets in the property?
  • Does the lease prevent you from renting out the flat, or working from home
  • You need to be told what counts as a Nuisance in the lease
  • Changes to the flat (alterations and additions)
  • I don't know whether the lease allows me to alter or improve anything in the flat - you should know whether it applies to all alterations or just structural alteration, and whether consent is required
  • Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice?
  • Responsibility for repairing the window frames For a comprehensive list of information to be included in your report on your leasehold property in Par please enquire of your conveyancer in ahead of your conveyancing in Par

    • I am tempted by the attractive purchase price for a two flats in Par which have approximately forty five years unexpired on the leases. should I be concerned?

    There are no two ways about it. A leasehold apartment in Par is a deteriorating asset as a result of the shortening lease. The nearer the lease gets to its expiry date, the more it reduces the marketability of the property. The majority of buyers and banks, leases with less than eighty years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Par conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

    What advice can you give us when it comes to choosing a Par conveyancing firm to deal with our lease extension?

    When appointing a conveyancer for lease extension works (regardless if they are a Par conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We advise that you talk with several firms including non Par conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions might be of use:

    • How experienced is the practice with lease extension legislation?
  • What volume of lease extensions have they conducted in Par in the last twenty four months?

    • Do you have any advice for leasehold conveyancing in Par from the point of view of speeding up the sale process?

    • A significant proportion of the delay in leasehold conveyancing in Par can be bypassed where you appoint lawyers the minute you market your property and ask them to collate the leasehold information needed by the buyers lawyers.
    • In the event that you altered the property did you need the Landlord’s consent? Have you, for example installed wooden flooring? Most leases in Par state that internal structural changes or laying down wooden flooring calls for a licence issued by the Landlord consenting to such changes. Where you fail to have the paperwork in place you should not contact the landlord without contacting your lawyer in advance.
  • Some Par leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, it would be prudent to notify your estate agents to make sure that the purchasers obtain bank and professional references. The bank reference will need to confirm that the buyers are financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the purchasers or their lawyers.
  • If you have the benefit of shareholding in the freehold, you should ensure that you hold the original share certificate. Arranging a re-issued share certificate is often a time consuming process and delays many a Par conveyancing transaction. Where a duplicate share is needed, you should approach the company director and secretary or managing agents (if applicable) for this sooner rather than later.
  • You may think that you are aware of the number of years remaining on your lease but it would be advisable verify this via your lawyers. A buyer’s conveyancer will be unlikely to recommend their client to where the remaining number of years is under 80 years. It is therefore important at an early stage that you consider whether the lease term requires a lease extension. If it does, contact your solicitors before you put your premises on the market for sale.

    • Par Leasehold Conveyancing - Examples of Queries before buying

      Its a good idea to discover as much as possible about the company managing the block as they can either make your life much easier or problematic. As the owner of a leasehold property you will be in the clutches of the managing agents from a financial perspective and when it comes to every day issues such as the cleanliness of the common parts. Ask other tenants what they think of them. On a final note, investigate as to the dates that you are obliged pay the service charge to the managing agents and specifically how they are spending the funds. What is the length of the lease? It is important to be aware if redecorating or some other major work is due in the near future to be shared between the leasehold owners and could well materially impact the level of the service charges or require a specific invoice.

    Other Topics

    Lease Extensions in Par