Examples of recent questions relating to leasehold conveyancing in Sowerby Bridge
Frank (my husband) and I may need to sub-let our Sowerby Bridge garden flat for a while due to a career opportunity. We instructed a Sowerby Bridge conveyancing practice in 2002 but they have since shut and we did not think at the time seek any advice as to whether the lease permits subletting. How do we find out?
Some leases for properties in Sowerby Bridge do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably refuse but, in such cases, they would need to review references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
I am a negotiator for a reputable estate agency in Sowerby Bridge where we see a number of leasehold sales put at risk as a result of short leases. I have been given inconsistent advice from local Sowerby Bridge conveyancing solicitors. Could you confirm whether the vendor of a flat can start the lease extension process for the purchaser on completion of the sale?
Provided that the seller has been the owner 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. This means that the buyer can avoid having to wait 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 sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord 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.
Can you offer any advice when it comes to choosing a Sowerby Bridge conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a solicitor for lease extension works (regardless if they are a Sowerby Bridge conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of work. We suggested that you make enquires with two or three firms including non Sowerby Bridge 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 of use:
- If they are not ALEP accredited then what is the reason?
If all goes to plan we aim to complete the disposal of our £200000 apartment in Sowerby Bridge in 8 days. The management company has quoted £300 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Sowerby Bridge?
Sowerby Bridge conveyancing on leasehold maisonettes typically involves fees being levied by management companies :
- Answering conveyancing due diligence enquiries
- Where consent is required before sale in Sowerby Bridge
- Copies of the building insurance and schedule
- Deeds of covenant upon sale
- Registering of the assignment of the change of lessee after a sale
When it comes to leasehold conveyancing in Sowerby Bridge what are the most common lease problems?
There is nothing unique about leasehold conveyancing in Sowerby Bridge. Most leases are unique and drafting errors can sometimes mean that certain sections are missing. For example, if your lease is missing any of the following, it could be defective:
- Repairing obligations to or maintain parts of the building
- A duty to insure the building
- Clauses dealing with recovering service charges for expenditure on the building or common parts.
- Maintenance charge proportions which don’t add up to the correct percentage
A defective lease can cause issues when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Birmingham Midshires, Leeds Building Society, and Platform Home Loans Ltd all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the purchaser to pull out.
Leasehold Conveyancing in Sowerby Bridge - Examples of Queries Prior to buying
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How many of the leaseholders are in arrears for their service charge payments?
It is important to be aware whether fixing the lift or some other major work is due in the foreseeable future that will be shared between the leasehold owners and may well materially impact the level of the service costs or result in a specific invoice.
Who is in charge of the building?
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