Having had my offer accepted I require leasehold conveyancing in Pound Hill. Before I get started I would like to find out the unexpired term of the lease.

If the lease is recorded at the land registry - and most are in Pound Hill - then the leasehold title will always include the basic details 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.

I am hoping to exchange soon on a ground floor flat in Pound Hill. Conveyancing solicitors inform me that they are sending me a report next week. What should I be looking out for?

The report on title for your leasehold conveyancing in Pound Hill should include some of the following:

• 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 is subject to change

Repair and maintenance of the flat

Changes to the flat (alterations and additions)

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.

The landlord’s obligations to repair and maintain the building. It is important that you know who is responsible for the repair and maintenance of every part of the building

What options are open to you if a neighbour breach a clause of their lease? For a comprehensive list of information to be included in your report on your leasehold property in Pound Hill please enquire of your conveyancer in advance of your conveyancing in Pound Hill

I've found a house that appears to be perfect, at a great price which is making it all the more appealing. I have subsequently discovered that it's a leasehold as opposed to freehold. I would have thought that there are issues buying a house with a leasehold title in Pound Hill. Conveyancing solicitors have are soon to be appointed. Will they explain the issues?

Most houses in Pound Hill are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are purchasing in Pound Hill so you should seriously consider shopping around for a Pound Hill conveyancing solicitor and check that they have experience in advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example requiring the landlord’sconsent to carry out alterations. It may be necessary to pay a service charge towards the maintenance of the estate where the property is located on an estate. Your lawyer should advise you fully on all the issues.

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

When appointing a property lawyer for lease extension works (regardless if they are a Pound Hill conveyancing firm) it is imperative that they 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 Pound Hill conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions might be of use:

• If the firm is not ALEP accredited then why not?

What are the legal fees for lease extension work?

Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £450000 garden flat in Pound Hill on Monday in a week. The managing agents has quoted £384 for Certificate of Compliance, building insurance schedule and previous years service charge statements. Is the landlord entitled to charge an administration fee for a flat conveyance in Pound Hill?

For most leasehold sales in Pound Hill conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :

• Completing pre-exchange questions
• Where consent is required before sale in Pound Hill
• Copies of the building insurance and schedule
• Deeds of covenant upon sale
• Registering of the assignment of the change of lessee after a sale

Your solicitor will have no control over the level of the charges for this information but the average costs for the information for Pound Hill leasehold premises is £350. For Pound Hill conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are obliged to provide the information.

Pound Hill Leasehold Conveyancing - A selection of Queries before Purchasing

Make sure you investigate if there is anything that is prohibited in the lease. For instance it is fairly common in Pound Hill leases that pets are not allowed in in a block in Pound Hill. If you like the flatin Pound Hill but your dog is not allowed to move with you then you have a very difficult choice. Its a good idea to discover as much as possible regarding the managing agents as they can either make your living at the property much simpler or much more difficult. As the proprietor of a leasehold property you will be at the mercy of the managing agents from a financial perspective and when it comes to daily matters such as the tidiness of the common parts. You should not be shy to ask prospective neighbours what they think of them. In conclusion, be sure you know the dates that you are obliged pay the maintenance charge to the relevant party and specifically what it includes. Are there any major works in the planning that will likely increase the maintenance fees?

Other Topics

Lease Extensions in Pound Hill