Experts for Leasehold Conveyancing in St Neots

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St Neots leasehold conveyancing: Q and A’s

I am on look out for some leasehold conveyancing in St Neots. Before I set the wheels in motion I want to be sure as to the number of years remaining on the lease.

Assuming the lease is recorded at the land registry - and almost all are in St Neots - then the leasehold title will always include the basic details 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.

Expecting to complete next month on a ground floor flat in St Neots. Conveyancing solicitors inform me that they will have a report out to me within the next couple of days. What should I be looking out for?

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

  • The physical extent of the property. This will be the flat itself but might include a roof space or cellar if appropriate.
  • Are you allowed to have a pet in the flat?
  • Does the lease prevent you from renting out the flat, or working from home
  • Changes to the flat (alterations and additions)
  • The landlord’s rights to access the flat you be made aware that your landlord has rights of access and I know how much notice s/he must provide.
  • Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice?
  • What the implications are if you breach a clause of your lease? For a comprehensive list of information to be included in your report on your leasehold property in St Neots please enquire of your solicitor in ahead of your conveyancing in St Neots

  • I own a leasehold flat in St Neots. Conveyancing and Nottingham Building Society mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1995. The conveyancing practitioner in St Neots who acted for me is not around.Do I pay?

    The first thing you should do is make enquiries of the Land Registry to be sure that this person is indeed the new freeholder. You do not need to incur the fees of a St Neots conveyancing solicitor to do this as it can be done on-line for a few pound. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

    I work for a reputable estate agent office in St Neots where we have witnessed a number of leasehold sales derailed due to leases having less than 80 years remaining. I have received conflicting advice from local St Neots conveyancing firms. Could you shed some light as to whether the owner of a flat can instigate 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 kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the sale.

    An alternative approach is 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.

    What are your top tips when it comes to finding a St Neots conveyancing practice to deal with our lease extension?

    When appointing a property lawyer for lease extension works (regardless if they are a St Neots conveyancing practice) 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 St Neots conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. Some following of questions might be useful:

    • How familiar is the firm with lease extension legislation?
  • What are the legal fees for lease extension work?

  • St Neots Conveyancing for Leasehold Flats - Sample of Queries Prior to buying

      Who manages the building? Generally speaking the outlay for major works tend not to be included within maintenance charges, albeit that some managing agents in St Neots require tenants to contribute towards a reserve fund created for the specific purpose of establishing a fund for major repairs or maintenance. Are there any major works on the horizon that could increase the maintenance charges?

    Other Topics

    Lease Extensions in St Neots