Recently asked questions relating to Sea Mills leasehold conveyancing
Looking forward to complete next month on a basement flat in Sea Mills. Conveyancing solicitors inform me that they will have a report out to me tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in Sea Mills should include some of the following:
- Defining your legal entitlements in respect of the communal areas in the building.For instance, does the lease provide for a right of way over an accessway or hallways?
Back In 2005, I bought a leasehold flat in Sea Mills. Conveyancing and Accord Mortgages Ltd mortgage are in place. I have received a letter from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1995. The conveyancing solicitor in Sea Mills who acted for me is not around.Any advice?
The first thing you should do is make enquiries of the Land Registry to be sure that the individual purporting to own the freehold is in fact the new freeholder. It is not necessary to instruct a Sea Mills conveyancing lawyer to do this as it can be done on-line for £3. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Can you offer any advice when it comes to appointing a Sea Mills conveyancing firm to carry out our lease extension conveyancing?
When appointing a solicitor for your lease extension (regardless if they are a Sea Mills conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We recommend that you speak with several firms including non Sea Mills conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. Some following of questions might be of use:
- How experienced is the firm with lease extension legislation?
Do you have any top tips for leasehold conveyancing in Sea Mills with the purpose of speeding up the sale process?
- Much of the delay in leasehold conveyancing in Sea Mills can be avoided where you get in touch lawyers the minute you market your property and request that they start to put together the leasehold documentation which will be required by the purchasers’ representatives.
- If you have carried out any alterations to the premises would they have required Landlord’s consent? Have you, for example installed wooden flooring? Most leases in Sea Mills state that internal structural changes or laying down wooden flooring necessitate a licence from the Landlord acquiescing to such works. Where you fail to have the paperwork in place you should not communicate with the landlord without contacting your solicitor first.
All being well we will complete the disposal of our £300000 garden flat in Sea Mills on Friday in a week. The freeholder has quoted £360 for Landlord’s certificate, insurance certificate and 3 years statements of service charge. Is the landlord entitled to charge such fees for a leasehold conveyance in Sea Mills?
For the majority of leasehold sales in Sea Mills conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
- Addressing pre-contract enquiries
- Where consent is required before sale in Sea Mills
- Copies of the building insurance and schedule
- Deeds of covenant upon sale
- Registering of the assignment of the change of lessee after a sale
I acquired a garden flat in Sea Mills, conveyancing having been completed 4 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Sea Mills with a long lease are worth £249,000. The ground rent is £65 charged once a year. The lease expires on 21st October 2096
You have 74 years unexpired the likely cost is going to span between £10,500 and £12,000 plus legals.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.
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