Expecting to complete next month on a garden flat in Radcliffe on Trent. Conveyancing lawyers have said that they are sending me a report within the next couple of days. Are there areas in the report that I should be focusing on?

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

• The unexpired lease term You should be advised as what happens when the lease ends, and aware of the importance of not letting the lease term falling below eighty years

The physical extent of the premises. This will be the property itself but could also incorporate a roof space or cellar if applicable.

Whether the lease restricts you from letting out the flat, or working from home

Whether your lease has a provision for a reserve fund?

You should have a good understanding of the insurance provisions

Repair and maintenance of the flat

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. For details of the information to be included in your report on your leasehold property in Radcliffe on Trent please ask your conveyancer in advance of your conveyancing in Radcliffe on Trent

Estate agents have just been given the go-ahead to market my basement apartment in Radcliffe on Trent.Conveyancing has not commenced but I have just had a yearly service charge invoice – what should I do?

The sensible thing to do is discharge 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've found a house that appears to meet my requirements, at a reasonable price which is making it all the more appealing. I have since been informed that it's a leasehold rather than freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in Radcliffe on Trent. Conveyancing solicitors have not yet been appointed. Will my lawyers set out the risks of buying a leasehold house in Radcliffe on Trent ?

The majority of houses in Radcliffe on Trent are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are buying in Radcliffe on Trent so you should seriously consider shopping around for a Radcliffe on Trent conveyancing solicitor and be sure that they are used to advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a lessee you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example obtaining the landlord’sconsent to conduct changes to the property. It may be necessary to pay a contribution towards the upkeep of the estate where the property is located on an estate. Your conveyancer will advise you fully on all the issues.

I work for a reputable estate agent office in Radcliffe on Trent where we have experienced a few flat sales derailed due to short leases. I have received contradictory information from local Radcliffe on Trent conveyancing solicitors. Please can you shed some light as to whether the seller of a flat can instigate the lease extension formalities for the buyer?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.

An alternative approach is to agree the lease extension with the freeholder 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 purchaser.

Completion in due on our sale of a £225000 garden flat in Radcliffe on Trent next week. The freeholder has quoted £312 for Certificate of Compliance, building insurance schedule and previous years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Radcliffe on Trent?

Radcliffe on Trent conveyancing on leasehold apartments typically necessitates administration charges invoiced by freeholders :

• Completing pre-exchange questions
• Where consent is required before sale in Radcliffe on Trent
• 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 conveyancer will have no control over the level of the charges for this information but the average costs for the information for Radcliffe on Trent leasehold premises is £350. For Radcliffe on Trent 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 required to supply answers.

Radcliffe on Trent Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to Purchasing

Best to be warned if fixing the lift or some other significant cost is anticipated that will be shared amongst the leaseholders and will materially impact the level of the maintenance charges or require a specific payment. What restrictions are contained in the Radcliffe on Trent Lease? How many of the leaseholders are in arrears for their service charge payments?

Other Topics

Lease Extensions in Radcliffe on Trent