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Recently asked questions relating to Potton leasehold conveyancing

I am intending to let out my leasehold flat in Potton. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?

A lease governs the relationship between the landlord and you the leaseholder; in particular, it will set out if subletting is banned, or permitted but only subject to certain caveats. The accepted inference is that if the lease contains no expres ban or restriction, subletting is allowed. Most leases in Potton 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 supplying a copy of the tenancy agreement.

Looking forward to exchange soon on a ground floor flat in Potton. Conveyancing lawyers have said that they are sending me a report tomorrow. Are there areas in the report that I should be focusing on?

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

  • The length of the lease term You should be advised as what happens when the lease expires, and informed of the importance of not letting the lease term falling below eighty years
  • Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, landlord
  • Are you allowed to have a pet in the flat?
  • Ground rent - how much and when you need to pay, and also know whether this will change in the future
  • Whether your lease has a provision for a sinking fund?
  • The landlord’s rights to access the flat you be made aware that your landlord has rights of access and I know how much notice s/he must provide.
  • Responsibility for repairing the window frames For details of the information to be contained in your report on your leasehold property in Potton please enquire of your lawyer in advance of your conveyancing in Potton

    • I have just started marketing my 2 bed flat in Potton.Conveyancing lawyers have not yet been instructed but I have just received 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 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. This will smooth the conveyancing process.

    I am hoping to put an offer on a small detached house that seems to be perfect, at a great figure which is making it all the more appealing. I have subsequently discovered that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Potton. Conveyancing lawyers have are about to be instructed. Will they explain the issues?

    Most houses in Potton are freehold and not leasehold. This is one of the situations where having a local solicitor who is familiar with the area can assist with the conveyancing process. it is apparent that you are buying in Potton so you should seriously consider shopping around for a Potton conveyancing practitioner and check that they are used to transacting on leasehold houses. First you will need to check the number of years remaining. Being a tenant you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as requiring the freeholder’spermission to carry out changes to the property. You may also be required to pay a maintenance charge towards the maintenance of the communal areas where the house is located on an estate. Your solicitor should appraise you on the various issues.

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

    When appointing a conveyancer for your lease extension (regardless if they are a Potton conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We suggested that you talk with two or three firms including non Potton conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions might be helpful:

    • How experienced is the practice with lease extension legislation?
  • What volume of lease extensions has the firm carried out in Potton in the last year?

    • Potton Leasehold Conveyancing - Examples of Questions you should ask Prior to buying

      How long is the Lease? You should want to discover as much as you can concerning the company managing the building as they will affect your use and enjoyment of the property. Being a leasehold owner you will be at the mercy of the managing agents both financially and when it comes to every day issues like the tidiness of the communal areas. Enquire of prospective neighbours what they think of them. Finally, find out the dates that the maintenance charges are due to the relevant party and specifically how they are spending the funds. It would be prudent to enquire if the the lease includes any unreasonable restrictions in the lease. For example plenty of leases prohibit pets being permitted in certain buildings in Potton. If you love the apartmentin Potton but your dog is not allowed to make the move with you then you will be presented with a hard compromise.

    Other Topics

    Lease Extensions in Potton