Questions and Answers: Telford leasehold conveyancing
I have just started marketing my 2 bed apartment in Telford.Conveyancing lawyers have not yet been instructed but I have just received a half-yearly service charge demand – Do I pay up?
It best that you discharge 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 unless 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. This will smooth the conveyancing process.
My wife and I purchased a leasehold flat in Telford. Conveyancing and Nationwide Building Society mortgage went though with no issue. I have received a letter from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1993. The conveyancing solicitor in Telford who previously acted has long since retired.Do I pay?
First make enquiries of the Land Registry to make sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Telford conveyancing solicitor to do this as you can do this on the Land Registry website for £3. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I work for a busy estate agent office in Telford where we have witnessed a few flat sales put at risk as a result of short leases. I have been given conflicting advice from local Telford conveyancing solicitors. Could you shed some light as to whether the vendor of a flat can initiate 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 commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with 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.
Can you provide any advice for leasehold conveyancing in Telford from the perspective of expediting the sale process?
- A significant proportion of the delay in leasehold conveyancing in Telford can be bypassed where you instruct lawyers as soon as you market your property and request that they start to collate the leasehold information needed by the purchasers’ representatives.
- The majority freeholders or managing agents in Telford charge for providing management packs for a leasehold homes. You or your lawyers should enquire as to the actual amount of the charges. The management pack can be applied for on or before finding a buyer, thus reducing delays. The typical amount of time it takes to receive management information is three weeks. It is the most usual cause of frustration in leasehold conveyancing in Telford.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £150000 flat in Telford next Thursday . The management company has quoted £396 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Telford?
Telford conveyancing on leasehold maisonettes nine out of ten times involves administration charges raised by freeholders :
- Completing conveyancing due diligence enquiries
- Where consent is required before sale in Telford
- Supplying insurance information
- Deeds of covenant upon sale
- Registering of the assignment of the change of lessee after a sale
Telford Leasehold Conveyancing - A selection of Queries Prior to buying
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What prohibitions are there in the Telford Lease?
It would be prudent to discover if there are any onerous prohibitions in the lease. For instance it is very common in Telford leases that pets are not permitted in in a block in Telford. If you like the apartmentin Telford however your dog can’t move with you then you have a very difficult choice.
Is the freehold owned collectively by the leaseholders?
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