Due to sign contracts shortly on a leasehold property in Tal y bont. Conveyancing solicitors inform me that they are sending me a report on Monday. What should I be looking out for?

The report on title for your leasehold conveyancing in Tal y bont should include some of the following:

• You should be sent a copy of the lease

Setting out your legal entitlements in relation to the communal areas in the building.For instance, does the lease provide for a right of way over an accessway or hallways?

Does the lease prohibit wood flooring?

You must be told what constitutes a Nuisance in the lease

You should have a good understanding of the insurance provisions

Responsibility for repairing the window frames

What options are open to you if a neighbour is in violation of a provision in their lease? For details of the information to be included in your report on your leasehold property in Tal y bont please enquire of your lawyer in advance of your conveyancing in Tal y bont

I have just started marketing my ground floor apartment in Tal y bont.Conveyancing lawyers have not yet been instructed but I have just received a quarterly maintenance charge invoice – what should I do?

It best that you pay the service charge 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.

Last month I purchased a leasehold flat in Tal y bont. Am I liable to pay service charges for periods before my ownership?

In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

What advice can you give us when it comes to choosing a Tal y bont conveyancing practice to carry out our lease extension conveyancing?

When appointing a property lawyer for lease extension works (regardless if they are a Tal y bont conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggested that you speak with several firms including non Tal y bont conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions could be useful:

• If they are not ALEP accredited then why not?

What are the costs for lease extension work?

If all goes to plan we aim to complete the sale of our £300000 flat in Tal y bont in just under a week. The managing agents has quoted £420 for Certificate of Compliance, building insurance schedule and previous years statements of service charge. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Tal y bont?

Tal y bont conveyancing on leasehold apartments typically results in administration charges raised by landlords agents :

• Addressing conveyancing due diligence enquiries
• Where consent is required before sale in Tal y bont
• Supplying insurance information
• Deeds of covenant upon sale
• Registering of the assignment of the change of lessee after a sale

Your lawyer will have no control over the level of the charges for this information but the average costs for the information for Tal y bont leasehold premises is £350. For Tal y bont conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are obliged to provide answers.

Leasehold Conveyancing in Tal y bont - A selection of Queries before buying

The best form of lease structure is where the freehold reversion is owned by the leaseholders. In this scenario the lessees have control and notwithstanding that a managing agent is often retained if the building is bigger than a house conversion, the managing agent retained by the leaseholders. It is important to be aware if a new roof is being put on or some other major work is due in the foreseeable future to be shared between the tenants and may well materially impact the level of the service costs or result in a one time invoice. Be sure to investigate if the the lease contains any unreasonable restrictions in the lease. By way of example some leases prohibit pets being allowed in in a block in Tal y bont. If you love the propertyin Tal y bont but your dog can’t move with you then you have a very difficult compromise.

Other Topics

Lease Extensions in Tal y bont