Fixed-fee leasehold conveyancing in Shipston on Stour:

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Recently asked questions relating to Shipston on Stour leasehold conveyancing

I am in need of some leasehold conveyancing in Shipston on Stour. Before I set the wheels in motion I require certainty as to the remaining lease term.

If the lease is recorded at the land registry - and almost all are in Shipston on Stour - 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.

I only have 62 years left on my lease in Shipston on Stour. I now wish to extend my lease but my freeholder is absent. What are my options?

On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. You will be obliged to demonstrate that you or your lawyers have made all reasonable attempts to find the landlord. On the whole a specialist may be useful to conduct investigations and to produce a report which can be used as proof that the landlord can not be located. It is advisable to get professional help from a property lawyer both on proving the landlord’s absence and the vesting order request to the County Court overseeing Shipston on Stour.

Planning to exchange soon on a garden flat in Shipston on Stour. Conveyancing solicitors have said that they will have a report out to me next week. Are there areas in the report that I should be focusing on?

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

  • You should be sent a copy of the lease
  • Defining your rights in relation to common areas in the block.For example, does the lease permit a right of way over a path or hallways?
  • Are you allowed to have a pet in the flat?
  • Whether your lease has a provision for a reserve fund?
  • Repair and maintenance of the flat
  • Changes to the flat (alterations and additions)
  • 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 Shipston on Stour please enquire of your conveyancer in ahead of your conveyancing in Shipston on Stour

    • Estate agents have just been given the go-ahead to market my garden flat in Shipston on Stour.Conveyancing solicitors are to be appointed soon but I have just received a quarterly service charge invoice – Do I pay up?

    Your conveyancing lawyer is likely to suggest that you should pay 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 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.

    What are your top tips when it comes to choosing a Shipston on Stour conveyancing practice to carry out our lease extension conveyancing?

    When appointing a conveyancer for lease extension works (regardless if they are a Shipston on Stour conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We suggested that you speak with two or three firms including non Shipston on Stour conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. Some following of questions might be helpful:

    • How many lease extensions has the firm completed in Shipston on Stour in the last twenty four months?
  • What are the legal fees for lease extension work?

    • Shipston on Stour Leasehold Conveyancing - A selection of Queries before buying

      Many Shipston on Stour leasehold properties will be liable to pay a service bill for the upkeep of the building levied on behalf of the freeholder. If you buy the flat you will have to pay this liability, normally in instalments accross the year. This could be anything from a couple of hundred pounds to thousands of pounds for blocks with lifts and large common grounds. There will also be a ground rent for you to pay yearly, this is usually not a significant figure, say about £50-£100 but you should to check as on occasion it can be many hundreds of pounds. Does the lease include onerous restrictions? How much is the annual maintenance fee and ground rent?

    Other Topics

    Lease Extensions in Shipston on Stour