Washwood Heath leasehold conveyancing: Q and A’s
I am intending to let out my leasehold flat in Washwood Heath. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?
The lease governs the relationship between the landlord and you the leaseholder; in particular, it will set out if subletting is not allowed, or permitted but only subject to certain caveats. The rule is that if the lease contains no expres ban or restriction, subletting is allowed. Most leases in Washwood Heath do not contain an absolute prevention of subletting – such a provision would undoubtedly devalue the flat. In most cases there is simply a requirement that the owner notifies the freeholder, possibly supplying a copy of the sublease.
Looking forward to complete next month on a basement flat in Washwood Heath. Conveyancing solicitors have said that they are sending me a report on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Washwood Heath should include some of the following:
- The length of the lease term You should be advised as what happens when the lease expires, and aware of the importance of not letting the lease term falling below eighty years
My wife and I purchased a leasehold house in Washwood Heath. Conveyancing and Britannia mortgage went though with no issue. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1998. The conveyancing practitioner in Washwood Heath who previously acted has long since retired.Any advice?
The first thing you should do is contact the Land Registry to make sure that this person is indeed the new freeholder. It is not necessary to instruct a Washwood Heath conveyancing solicitor to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I am attracted to a couple of maisonettes in Washwood Heath both have in the region of forty five years left on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Washwood Heath. The lease is a right to use the property for a prescribed time frame. As a lease shortens the saleability of the lease decreases and results in it becoming more expensive to extend the lease. For this reason it is generally wise to extend the lease term. Sometimes it is difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We advise that you get professional assistance from a solicitor and surveyor with experience in this field
Can you provide any top tips for leasehold conveyancing in Washwood Heath with the purpose of expediting the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Washwood Heath can be bypassed where you get in touch lawyers the minute you market your property and ask them to put together the leasehold information needed by the purchasers’ lawyers.
- In the event that you altered the property did you need the Landlord’s permission? In particular have you laid down wooden flooring? Most leases in Washwood Heath state that internal structural alterations or installing wooden flooring calls for a licence issued by the Landlord consenting to such changes. If you fail to have the consents to hand you should not communicate with the landlord without checking with your lawyer in advance.
Washwood Heath Leasehold Conveyancing - Sample of Questions you should ask Prior to Purchasing
It would be wise to enquire if there is anything that is prohibited in the lease. By way of example some leases prohibit pets being permitted in certain buildings in Washwood Heath. If you love the propertyin Washwood Heath but your cat is not allowed to move with you then you have a very difficult decision.
Does this lease have more than 80 years remaining?
Plenty Washwood Heath leasehold apartments will be liable to pay a service charge for maintenance of the block set by the management company. Should you buy the property you will have to meet this contribution, normally periodically during the year. This can differ from several hundred pounds to thousands of pounds for buildings with lifts and large common areas. There will also be a ground rent for you to pay yearly, this is usually not a significant amount, say about £25-£75 but you should to check as occasionally it could be many hundreds of pounds.