Leasehold Conveyancing in Sedgefield - Get a Quote from the leasehold experts approved by your lender

When it comes to leasehold conveyancing in Sedgefield, you will need to chose a conveyancing lawyer with leasehold experience. Whether your mortgage company is to be Halifax, Birmingham Midshires or NatWest make sure you choose a lawyer on their approved list. Feel free to use our search tool

Top Five Questions relating to Sedgefield leasehold conveyancing

Expecting to complete next month on a leasehold property in Sedgefield. Conveyancing solicitors have said that they report fully next week. What should I be looking out for?

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

  • You should receive a copy of the lease
  • Does the lease prohibit wood flooring?
  • Does the lease prevent you from subletting the property, or having a home office for business
  • 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?
  • Responsibility for repairing the window frames
  • 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 Sedgefield please ask your solicitor in ahead of your conveyancing in Sedgefield

  • I have just appointed agents to market my basement flat in Sedgefield.Conveyancing has not commenced but I have just had a half-yearly service charge demand – what should I do?

    It best that you pay the service charge 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 managing agents 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. Having a clear account will assist your cause and will leave you no worse off financially.

    I am employed by a reputable estate agent office in Sedgefield where we see a few flat sales derailed as a result of short leases. I have been given inconsistent advice from local Sedgefield conveyancing solicitors. Could you shed some light as to whether the vendor of a flat can start the lease extension process for the purchaser on completion of the sale?

    As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is 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 has to be done before, or at the same time as completion of the disposal of the property.

    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 buyer.

    What advice can you give us when it comes to choosing a Sedgefield conveyancing practice to carry out our lease extension conveyancing?

    When appointing a solicitor for your lease extension (regardless if they are a Sedgefield conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We suggested that you talk with two or three firms including non Sedgefield conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions could be useful:

    • How familiar is the practice with lease extension legislation?
  • How many lease extensions have they conducted in Sedgefield in the last year?

  • Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £150000 apartment in Sedgefield in just under a week. The freeholder has quoted £300 for Landlord’s certificate, building insurance schedule and previous years service charge statements. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Sedgefield?

    Sedgefield conveyancing on leasehold apartments normally necessitates the buyer’s lawyer submitting questions for the landlord to address. Although the landlord is not legally bound to answer these enquiries the majority will be content to do so. They may charge a reasonable administration fee for answering enquiries or supplying documentation. There is no set fee. The average costs for the information that you are referring to is £350, in some cases it exceeds £800. The administration charge required by the landlord must be accompanied by a synopsis of entitlements and obligations in relation to administration charges, otherwise the invoice is technically not due. Reality however dictates that one has little choice but to pay whatever is demanded should you wish to complete the sale of your home.

    Sedgefield Leasehold Conveyancing - Examples of Questions you should ask before Purchasing

      How long is the Lease? Its a good idea to discover as much as possible regarding the company managing the building as they will either make your living at the property much easier or problematic. As the owner of a leasehold property you are frequently in the clutches of the managing agents from a financial perspective and when it comes to day to day matters such as the cleanliness of the communal areas. Ask other people whether they are happy with their management. In conclusion, find out the dates that the maintenance charges are due to the relevant party and precisely what you get for your money. It is important to be aware if changing the roof or some other major work is due in the foreseeable future to be shared by the leaseholders and will materially impact the level of the service charges or result in a specific payment.

    Other Topics

    Lease Extensions in Sedgefield