Experts for Leasehold Conveyancing in Totnes

When it comes to leasehold conveyancing in Totnes, you will need to appoint a conveyancing solicitor with leasehold experience. Whether your lender is to be Halifax, Birmingham Midshires or Nationwide make sure you choose a lawyer on their panel. Find a Totnes conveyancing lawyer with our search tool

Totnes leasehold conveyancing: Q and A’s

Having had my offer accepted I require leasehold conveyancing in Totnes. Before I set the wheels in motion I would like to find out the unexpired term of the lease.

Assuming the lease is recorded at the land registry - and almost all are in Totnes - 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.

You should [be sent a copy of the lease|receive a copy of the lease]

Expecting to complete next month on a studio apartment in Totnes. Conveyancing lawyers inform me that they are sending me a report on Monday. Are there areas in the report that I should be focusing on?

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

  • Setting out your rights in respect of common areas in the building.For instance, does the lease permit a right of way over an accessway or staircase?
  • Will you be prohibited or prevented from having pets in the property?
  • Ground rent - how much and when you need to pay, and also know whether this will change in the future
  • You should have a good understanding of the insurance provisions
  • What options are open to you if a neighbour breach a clause of their lease?
  • What the implications are if you breach a clause of your lease?
For details of the information to be included in your report on your leasehold property in Totnes please ask your conveyancer in advance of your conveyancing in Totnes

I am hoping to put an offer on a small detached house that appears to meet my requirements, at a reasonable price which is making it more attractive. I have subsequently discovered that it's a leasehold rather than freehold. I am assuming that there are issues purchasing a leasehold house in Totnes. Conveyancing solicitors have not yet been instructed. Will they explain the issues?

The majority of houses in Totnes are freehold rather than leasehold. This is one of the situations where having a local conveyancer who is familiar with the area can assist with the conveyancing process. It is clear that you are buying in Totnes in which case you should be shopping around for a Totnes conveyancing solicitor and check that they are used to dealing with leasehold houses. First you will need to check the unexpired lease term. Being a lessee you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example requiring the freeholder’sconsent to conduct changes to the property. You may also be required to pay a contribution towards the maintenance of the estate where the house is located on an estate. Your solicitor will appraise you on the various issues.

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

If you are instructing a conveyancer for your lease extension (regardless if they are a Totnes conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with several firms including non Totnes conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions might be helpful:

  • Can they put you in touch with client in Totnes who can give a testimonial?
  • What are the costs for lease extension conveyancing?

If all goes to plan we aim to complete the disposal of our £ 225000 apartment in Totnes in 5 days. The landlords agents has quoted £<Macro 'feeRangeWithVAT'> for Certificate of Compliance, building insurance schedule and previous years service charge statements. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Totnes?

Totnes conveyancing on leasehold maisonettes usually involves the buyer’s conveyancer submitting enquiries for the landlord to answer. Although the landlord is under no legal obligation to answer these enquiries the majority will be willing to do so. They may charge a reasonable charge for answering questions or supplying documentation. There is no set fee. The average costs for the information that you are referring to is £350, in some situations it exceeds £800. The management information fee demanded by the landlord must be accompanied by a summary of rights and obligations in respect of administration fees, otherwise the charge is not strictly payable. Reality however dictates that one has no choice but to pay whatever is requested of you should you wish to exchange contracts with the buyer.

Leasehold Conveyancing in Totnes - Examples of Queries Prior to buying

    For many Totnes leaseholds the cost for major works are not included within maintenance charges, albeit that a few managing agents in Totnes obliged tenants to contribute towards a reserve fund and this is used to offset against major repairs or maintenance. Can you inform me if there are any major works in the near future that will add a premium to the service fees?