I am on look out for some leasehold conveyancing in Tedburn St Mary. Before diving in I want to be sure as to the remaining lease term.

If the lease is registered - and most are in Tedburn St Mary - 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.

Having checked my lease I have discovered that there are only Fifty years left on my lease in Tedburn St Mary. I now want to get lease extension but my landlord is missing. What are my options?

If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. You will be obliged to prove that you have done all that could be expected to find the landlord. For most situations an enquiry agent may be helpful to conduct investigations and prepare a report which can be accepted by the court as evidence that the landlord is indeed missing. It is advisable to get professional help from a solicitor both on devolving into the landlord’s absence and the vesting order request to the County Court covering Tedburn St Mary.

I’m about to sell my 2 bed apartment in Tedburn St Mary.Conveyancing is yet to be initiated 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 managing agents 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.

I am looking at a two maisonettes in Tedburn St Mary both have approximately forty five years left on the leases. should I be concerned?

A lease is a legal document that entitles you to use the property for a prescribed time frame. As a lease shortens the marketability of the lease deteriorate and results in it becoming more expensive to extend the lease. For this reason it is advisable to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders may be unwilling to lend money on properties of this type. Lease extension can be a difficult process. We advise that you get professional help from a solicitor and surveyor with experience in this field

What are your top tips when it comes to choosing a Tedburn St Mary conveyancing practice to carry out our lease extension conveyancing?

If you are instructing a solicitor for your lease extension (regardless if they are a Tedburn St Mary conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of work. We advise that you make enquires with several firms including non Tedburn St Mary conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions might be helpful:

• If the firm is not ALEP accredited then why not?

Tedburn St Mary Leasehold Conveyancing - Sample of Questions you should ask before Purchasing

Be sure to find out if the the lease contains any unreasonable restrictions in the lease. For instance it is very common in Tedburn St Mary leases that pets are not allowed in certain buildings in Tedburn St Mary. If you love the flatin Tedburn St Mary yet your dog is not allowed to make the move with you then you will be presented with a difficult decision. Who is in charge of the building? The prefered form of lease arrangement is a share of the freehold. In this arrangement the tenants have control and although a managing agent is often retained where the building is larger than a house conversion, the managing agent is directed by the tenants.

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Lease Extensions in Tedburn St Mary