Fixed-fee leasehold conveyancing in Stokenchurch:

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Sample questions relating to Stokenchurch leasehold conveyancing

Having had my offer accepted I require leasehold conveyancing in Stokenchurch. Before I set the wheels in motion I would like to find out the number of years remaining on the lease.

If the lease is registered - and 99.9% are in Stokenchurch - 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.

Due to sign contracts shortly on a garden flat in Stokenchurch. Conveyancing lawyers inform me that they are sending me a report next week. Are there areas in the report that I should be focusing on?

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

  • You should be sent a copy of the lease
  • The unexpired lease term You should be advised as what happens when the lease expires, and informed of the importance of not letting the lease term falling below eighty years
  • The physical extent of the property. This will be the flat itself but may incorporate a loft or cellar if applicable.
  • Does the lease require carpeting throughout thus preventing wood flooring?
  • Does the lease prevent you from subletting the flat, or working from home
  • Ground rent - how much and when you need to pay, and also know whether this is subject to change
  • You should have a good understanding of the insurance provisions For a comprehensive list of information to be contained in your report on your leasehold property in Stokenchurch please enquire of your lawyer in ahead of your conveyancing in Stokenchurch

    • I am hoping to put an offer on a small detached house that appears to tick a lot of boxes, at a great figure which is making it more attractive. I have subsequently been informed that the title is leasehold rather than freehold. I am assuming that there are issues purchasing a leasehold house in Stokenchurch. Conveyancing solicitors have not yet been appointed. Will my lawyers set out the implications of buying a leasehold house in Stokenchurch ?

    The majority of houses in Stokenchurch are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area can assist with the conveyancing process. It is clear that you are buying in Stokenchurch so you should seriously consider shopping around for a Stokenchurch conveyancing solicitor and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a leaseholder you will not be entirely free to do whatever you want to the property. The lease will likely included provisions such as requiring the freeholder’spermission to carry out alterations. It may be necessary to pay a service charge towards the maintenance of the estate where the house is located on an estate. Your lawyer should report to you on the legal implications.

    I am a negotiator for a busy estate agent office in Stokenchurch where we have experienced a few flat sales jeopardised as a result of leases having less than 80 years remaining. I have received conflicting advice from local Stokenchurch conveyancing firms. Please can you clarify whether the vendor of a flat can initiate the lease extension formalities for the buyer?

    Provided that 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 wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.

    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 purchaser.

    Can you offer any advice when it comes to finding a Stokenchurch conveyancing practice to carry out our lease extension conveyancing?

    If you are instructing a solicitor for lease extension works (regardless if they are a Stokenchurch conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggested that you talk with several firms including non Stokenchurch 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 firm with lease extension legislation?
  • Can they put you in touch with client in Stokenchurch who can give a testimonial?

    • Stokenchurch Leasehold Conveyancing - Examples of Questions you should consider before buying

      Please tell me if there are any major works on the horizon that could add a premium to the maintenance charges? Are any of leasehold owners in arrears of their service charge payments? Make sure you investigate if there are any onerous prohibitions in the lease. For instance plenty of leases prohibit pets being permitted in in a block in Stokenchurch. If you love the propertyin Stokenchurch yet your cat is not allowed to move with you then you will be presented with a hard determination.

    Other Topics

    Lease Extensions in Stokenchurch