Tredegar leasehold conveyancing Example Support Desk Enquiries
I am on look out for some leasehold conveyancing in Tredegar. Before diving in I want to be sure as to the unexpired term of the lease.
Assuming the lease is registered - and almost all are in Tredegar - 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.
Planning to sign contracts shortly on a studio apartment in Tredegar. Conveyancing solicitors assured me that they report fully within the next couple of days. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Tredegar should include some of the following:
- Setting out your legal entitlements in relation to the communal areas in the block.For example, does the lease permit a right of way over a path or hallways?
I own a leasehold house in Tredegar. Conveyancing and Leeds Building Society mortgage organised. A letter has just been received from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1997. The conveyancing solicitor in Tredegar who acted for me is not around.Do I pay?
The first thing you should do is make enquiries of HMLR to make sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Tredegar conveyancing practitioner to do this as it can be done on-line for less than a fiver. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Last month I purchased a leasehold flat in Tredegar. Do I have any liability for service charges relating to a period prior to 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).
Can you offer any advice when it comes to choosing a Tredegar conveyancing practice to deal with our lease extension?
When appointing a conveyancer for lease extension works (regardless if they are a Tredegar conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with two or three firms including non Tredegar 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 useful:
- How experienced is the firm with lease extension legislation?
Tredegar Leasehold Conveyancing - Examples of Questions you should ask before buying
What prohibitions exist in the Tredegar Lease?
Be sure to enquire if there are any onerous prohibitions in the lease. For instance plenty of leases prohibit pets being allowed in certain buildings in Tredegar. If you like the apartmentin Tredegar yet your dog can’t move with you then you have a very hard compromise.
How much is the ground rent and service charge?