Common questions relating to Sonning Common leasehold conveyancing
I am in need of some leasehold conveyancing in Sonning Common. Before diving in I require certainty as to the remaining lease term.
Assuming the lease is registered - and almost all are in Sonning Common - 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 want to let out my leasehold apartment in Sonning Common. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?
Even though your previous Sonning Common conveyancing solicitor is not available you can check your lease to see if you are permitted to let out the premises. The accepted inference is that if the deeds are silent, subletting is permitted. Quite often there is a prerequisite that you must seek permission from your landlord or some other party before subletting. The net result is you not allowed to sublet in the absence of prior permission. The consent must not not be unreasonably turned down. If the lease does not allow you to sublet you will need to ask your landlord for their consent.
Looking forward to complete next month on a garden flat in Sonning Common. Conveyancing lawyers have said that they report fully next week. What should I be looking out for?
The report on title for your leasehold conveyancing in Sonning Common should include some of the following:
- You should be sent a copy of the lease
I am tempted by the attractive purchase price for a two flats in Sonning Common both have about fifty years remaining on the lease term. Do I need to be concerned?
A lease is a legal document that entitles you to use the property for a period of time. As a lease shortens the value of the lease deteriorate and results in it becoming more expensive to extend the lease. For this reason it is advisable to extend the lease term. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders may be reluctant to lend money on such properties. Lease enfranchisement can be a protracted process. We recommend you get professional help from a solicitor and surveyor with experience in this field
We expect to complete our sale of a £500000 apartment in Sonning Common in just under a week. The management company has quoted £336 for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Sonning Common?
Sonning Common conveyancing on leasehold maisonettes typically results in fees being levied by freeholders :
- Addressing conveyancing due diligence questions
- Where consent is required before sale in Sonning Common
- Copies of the building insurance and schedule
- Deeds of covenant upon sale
- Registering of the assignment of the change of lessee after a sale
Leasehold Conveyancing in Sonning Common - A selection of Queries Prior to Purchasing
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In the main the cost for major works are not built into the maintenance charges, albeit that a few managing agents in Sonning Common require leasehold owners to contribute towards a reserve fund created for the specific intention of establishing a fund for major works.
Does the lease include onerous restrictions?
It is important to be aware if redecorating or some other major work is pending to be shared between the leasehold owners and will dramatically impact the level of the service charges or necessitate a one off payment.
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