I am on look out for some leasehold conveyancing in Rednal. Before diving in I require certainty as to the number of years remaining on the lease.

Assuming the lease is recorded at the land registry - and most are in Rednal - 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.

Looking forward to exchange soon on a garden flat in Rednal. Conveyancing lawyers have said that they will have a report out to me on Monday. Are there areas in the report that I should be focusing on?

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

• The length of the lease term You should be advised as what happens when the lease expires, and aware of the importance of the 80 year mark

Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, freeholder

Whether the lease restricts you from renting out the property, or working from home

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

Responsibility for repairing the window frames

What you can do if a neighbour is in violation of a provision in their lease?

What the implications are if you breach a clause of your lease? For details of the information to be contained in your report on your leasehold property in Rednal please enquire of your solicitor in ahead of your conveyancing in Rednal

I today plan to offer on a house that seems to be perfect, at a reasonable figure which is making it all the more appealing. I have since discovered that the title is leasehold as opposed to freehold. I am assuming that there are issues purchasing a house with a leasehold title in Rednal. Conveyancing lawyers have are about to be instructed. Will my lawyers set out the risks of buying a leasehold house in Rednal ?

The majority of houses in Rednal are freehold and not leasehold. This is one of the situations where having a local solicitor who is familiar with the area can help the conveyancing process. it is apparent that you are buying in Rednal in which case you should be looking for a Rednal conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. First you will need to check the unexpired lease term. As a lessee you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as requiring the landlord’spermission to carry out changes to the property. You may also be required to pay a service charge towards the maintenance of the estate where the house is part of an estate. Your solicitor will report to you on the legal implications.

Do you have any top tips for leasehold conveyancing in Rednal from the perspective of speeding up the sale process?

• Much of the frustration in leasehold conveyancing in Rednal can be reduced if you instruct lawyers the minute you market your property and request that they start to collate the leasehold documentation needed by the purchasers’ conveyancers.
• The majority landlords or managing agents in Rednal charge for providing management packs for a leasehold property. You or your lawyers should find out the fee that they propose to charge. The management pack can be applied for on or before finding a buyer, thus reducing delays. The typical amount of time it takes to receive management information is three weeks. It is the most frequent cause of delay in leasehold conveyancing in Rednal.

In the event that you altered the property did you need the Landlord’s approval? In particular have you laid down wooden flooring? Rednal leases often stipulate that internal structural alterations or addition of wooden flooring require a licence issued by the Landlord acquiescing to such alterations. If you dont have the approvals in place do not contact the landlord without checking with your conveyancer in advance.

A minority of Rednal leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, it would be prudent to place the estate agents on notice to make sure that the purchasers put in hand financial (bank) and professional references. The bank reference should make it clear that the buyer is able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their lawyers.

If you are supposed to have a share in the Management Company, you should ensure that you are holding the original share document. Obtaining a new share certificate is often a lengthy formality and delays many a Rednal conveyancing deal. Where a reissued share is needed, do contact the company director and secretary or managing agents (where relevant) for this sooner rather than later.

All being well we will complete the sale of our £125000 maisonette in Rednal on Thursday in a week. The managing agents has quoted £408 for Certificate of Compliance, insurance certificate and previous years service charge statements. Is the landlord entitled to charge such fees for a flat conveyance in Rednal?

Rednal conveyancing on leasehold maisonettes ordinarily necessitates administration charges invoiced by management companies :

• Completing pre-contract questions
• Where consent is required before sale in Rednal
• 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 Rednal leasehold property is £350. For Rednal 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 answers.

Leasehold Conveyancing in Rednal - Sample of Questions you should consider before buying

Is the freehold reversion owned jointly by the leaseholders? The majority of Rednal leasehold properties will incur a service bill for the upkeep of the building levied on behalf of the freeholder. Should you purchase the apartment you will have to meet this charge, usually periodically during the year. This can vary from a few hundred pounds to thousands of pounds for buildings with lifts and large communal areas. There will also be a ground rent for you to pay yearly, this is usually not a large amount, say around £25-£75 but you need to enquire it because occasionally it can be prohibitively expensive. How much is the maintenance charge and ground rent on the apartment?

Other Topics

Lease Extensions in Rednal