Top Five Questions relating to Pentre leasehold conveyancing
I want to let out my leasehold flat in Pentre. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?
The lease governs the relationship between the freeholder and you the flat owner; specifically, it will say if subletting is not allowed, or permitted but only subject to certain caveats. The rule is that if the lease contains no expres ban or restriction, subletting is allowed. Most leases in Pentre do not prevent subletting altogether – such a clause would adversely affect the market value the property. In most cases there is simply a requirement that the owner notifies the freeholder, possibly sending a copy of the tenancy agreement.
I have just appointed agents to market my garden apartment in Pentre.Conveyancing lawyers have not yet been instructed but I have just received a quarterly maintenance charge invoice – what should I do?
Your conveyancing lawyer is likely to suggest that you should pay the invoice 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 management companies 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 employed by a long established estate agency in Pentre where we see a number of leasehold sales put at risk due to leases having less than 80 years remaining. I have received conflicting advice from local Pentre conveyancing solicitors. Can you clarify whether the owner of a flat can start the lease extension process for the buyer?
As long as 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. The benefit of this is that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord 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 buyer.
What advice can you give us when it comes to finding a Pentre conveyancing practice to deal with our lease extension?
When appointing a solicitor for lease extension works (regardless if they are a Pentre conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We suggested that you make enquires with two or three firms including non Pentre conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. Some following of questions could be of use:
- How familiar is the practice with lease extension legislation?
We expect to complete the sale of our £175000 garden flat in Pentre next week. The managing agents has quoted £336 for Certificate of Compliance, 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 Pentre?
Pentre conveyancing on leasehold maisonettes typically necessitates administration charges raised by freeholders :
- Completing conveyancing due diligence questions
- Where consent is required before sale in Pentre
- Copies of the building insurance and schedule
- Deeds of covenant upon sale
- Registering of the assignment of the change of lessee after a sale
Pentre Leasehold Conveyancing - Examples of Questions you should ask before buying
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How many of the leaseholders are in arrears for their service charge payments?
The best form of lease arrangement is where the freehold interest is owned by the leaseholders. In this arrangement the lessees benefit from control and even though a managing agent is frequently employed if it is larger than a house conversion, the managing agent is directed by the tenants.
The majority of Pentre leasehold properties will be liable to pay a service charge for maintenance of the building set by the landlord. Should you acquire the flat you will have to meet this amount, normally in instalments throughout the year. This could be anything from two or three hundred pounds to thousands of pounds for buildings with lifts and large communal grounds. There will also be a ground rent for you to pay yearly, this is usually not a significant amount, say about £25-£75 but you should to enquire as occasionally it can be surprisingly expensive.
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