Examples of recent questions relating to leasehold conveyancing in Pitsea
I am in need of some leasehold conveyancing in Pitsea. Before I get started I require certainty as to the number of years remaining on the lease.
If the lease is registered - and 99.9% are in Pitsea - 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.
Planning to exchange soon on a ground floor flat in Pitsea. Conveyancing lawyers assured me that they are sending me a report tomorrow. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Pitsea should include some of the following:
- The physical extent of the property. This will be the property itself but could also incorporate a roof space or basement if applicable.
I have just started marketing my ground floor flat in Pitsea.Conveyancing lawyers have not yet been instructed but I have just had a yearly service charge demand – Do I pay up?
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 managing agents 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. This will smooth the conveyancing process.
Back In 2003, I bought a leasehold flat in Pitsea. Conveyancing and Halifax mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1995. The conveyancing practitioner in Pitsea who previously acted has long since retired.What should I do?
First make enquiries of the Land Registry to make sure that the individual purporting to own the freehold is in fact the new freeholder. You do not need to incur the fees of a Pitsea conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Can you provide any top tips for leasehold conveyancing in Pitsea with the purpose of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Pitsea can be avoided if you instruct lawyers the minute you market your property and request that they start to collate the leasehold documentation needed by the purchasers’ lawyers.
- The majority landlords or Management Companies in Pitsea levy fees for providing management packs for a leasehold property. You or your lawyers should discover the fee that they propose to charge. The management pack can be applied for as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most usual reason for delay in leasehold conveyancing in Pitsea.
Pitsea Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to buying
It would be prudent to find out as much as possible concerning the company managing the building as they will either make living at the property much easier or problematic. Being a leasehold owner you are frequently at the mercy of the managing agents from a financial perspective and when it comes to practical issues like the upkeep of the common parts. Don't be shy to ask other tenants what they think of them. In conclusion, investigate as to the dates that you are obliged pay the service charge to the appropriate party and precisely what it includes.
How many years are left on the lease?
How is the lease structured?