Fixed-fee leasehold conveyancing in Pentwyn:

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Top Five Questions relating to Pentwyn leasehold conveyancing

Looking forward to sign contracts shortly on a garden flat in Pentwyn. Conveyancing solicitors have said 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 Pentwyn should include some of the following:

  • You should be sent a copy of the lease
  • Does the lease require carpeting throughout thus preventing wood flooring?
  • Repair and maintenance of the flat
  • 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
  • What options are open to you if a neighbour breach a clause of their lease?
  • What the implications are if you breach a clause of your lease? For a comprehensive list of information to be included in your report on your leasehold property in Pentwyn please ask your solicitor in advance of your conveyancing in Pentwyn

    • I have just started marketing my ground floor flat in Pentwyn.Conveyancing solicitors are to be appointed soon but I have just had a yearly service charge invoice – what should I do?

    It best that you clear 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 until 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.

    My wife and I purchased a leasehold flat in Pentwyn. Conveyancing and Chelsea Building Society mortgage organised. I have received a letter from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1998. The conveyancing practitioner in Pentwyn who previously acted has now retired.Any advice?

    The first thing you should do is contact HMLR to make sure that the individual claiming to own the freehold is in fact the new freeholder. You do not need to instruct a Pentwyn conveyancing practitioner to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

    I am tempted by the attractive purchase price for a couple of maisonettes in Pentwyn both have in the region of fifty years unexpired on the leases. Should I regard a short lease as a deal breaker?

    There are plenty of short leases in Pentwyn. The lease is a legal document that entitles you to use the premises for a period of time. As a lease shortens the saleability of the lease decreases and it becomes more expensive to extend the lease. For this reason it is advisable to extend the lease term. It is often difficulties arise selling premises 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 assistance from a solicitor and surveyor with experience in this field

    Completion in due on the sale of our £500000 flat in Pentwyn next Monday . The landlords agents has quoted £336 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge such fees for a leasehold conveyance in Pentwyn?

    Pentwyn conveyancing on leasehold flats more often than not requires the purchaser’s solicitor submitting enquiries for the landlord to address. Although the landlord is under no legal obligation to respond to such questions most will be content to do so. They are entitled levy a reasonable charge for answering questions or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is £350, in some situations it is above £800. The administration charge required by the landlord must be sent together with a synopsis of entitlements and obligations in respect of administration fees, without which the charge is not strictly payable. In reality you have no choice but to pay whatever is demanded should you wish to complete the sale of your home.

    Leasehold Conveyancing in Pentwyn - Examples of Questions you should consider Prior to buying

      How long is the Lease? Generally speaking the outlay for major works are not wrapped into the maintenance charges, albeit that a few managing agents in Pentwyn ask tenants to contribute towards a sinking fund created for the specific purpose of building a fund for larger works. Best to be warned whether a new roof is being installed or some other significant cost is coming up that will be shared amongst the leaseholders and will materially impact the level of the service costs or result in a specific payment.

    Other Topics

    Lease Extensions in Pentwyn