Experts for Leasehold Conveyancing in Treuddyn

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Any conveyancing practice can theoretically handle your leasehold conveyancing in Treuddyn, your mortgage provider may not be willing to work with them if the firm are not on their list of approved solicitors for conveyancing

Common questions relating to Treuddyn leasehold conveyancing

Due to sign contracts shortly on a basement flat in Treuddyn. Conveyancing lawyers have said that they are sending me a report tomorrow. What should I be looking out for?

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

  • You should be sent a copy of the lease
  • Defining your rights in respect of the communal areas in the block.E.G., does the lease grant a right of way over an accessway or staircase?
  • Are you allowed to have a pet in the flat?
  • Ground rent - how much and when you need to pay, and also know whether this will change in the future
  • Changes to the flat (alterations and additions)
  • The landlord’s obligations to repair and maintain the building. It is important that you know who is responsible for the repair and maintenance of every part of the building
  • What you can do if a neighbour is in violation of a provision in their lease? For details of the information to be contained in your report on your leasehold property in Treuddyn please enquire of your solicitor in ahead of your conveyancing in Treuddyn

    • I’m about to sell my basement flat in Treuddyn.Conveyancing is yet to be initiated but I have just had a half-yearly maintenance charge demand – what should I do?

    It best that you clear the invoice 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. This will smooth the conveyancing process.

    I am employed by a busy estate agent office in Treuddyn where we have witnessed a few leasehold sales put at risk as a result of short leases. I have been given conflicting advice from local Treuddyn conveyancing firms. Please can you shed some light as to whether the seller of a flat can commence the lease extension formalities for the purchaser on completion of the sale?

    As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the sale.

    Alternatively, it may be possible to agree the lease extension with the freeholder 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 purchaser.

    What advice can you give us when it comes to finding a Treuddyn conveyancing firm to deal with our lease extension?

    If you are instructing a conveyancer for lease extension works (regardless if they are a Treuddyn conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We advise that you make enquires with two or three firms including non Treuddyn conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions could be useful:

    • How familiar is the firm with lease extension legislation?
  • How many lease extensions has the firm carried out in Treuddyn in the last 12 months?

    • Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £350000 garden flat in Treuddyn on Friday in a week. The freeholder has quoted £348 for Certificate of Compliance, building insurance schedule and previous years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Treuddyn?

    Treuddyn conveyancing on leasehold flats normally involves the buyer’s lawyer submitting questions for the landlord to answer. Although the landlord is under no legal obligation to address such questions the majority will be willing to assist. They may levy a reasonable charge for responding to questions or supplying documentation. There is no set fee. The average fee for the paperwork that you are referring to is over three hundred pounds, in some cases it is above £800. The administration charge demanded by the landlord must be sent together with a synopsis of entitlements and obligations in relation to administration charges, without which the invoice is technically not due. Reality however dictates that one has little choice but to pay whatever is requested of you if you want to exchange contracts with the buyer.

    Treuddyn Leasehold Conveyancing - A selection of Queries before buying

      Be sure to investigate if the the lease contains any unreasonable restrictions in the lease. For instance some leases prohibit pets being allowed in certain buildings in Treuddyn. If you like the flatin Treuddyn however your dog can’t move with you then you have a very difficult determination. What is the the remaining lease term? Does the lease contain onerous restrictions?

    Other Topics

    Lease Extensions in Treuddyn