Recently asked questions relating to Wendover leasehold conveyancing
Having checked my lease I have discovered that there are only Sixty One years left on my flat in Wendover. I need to get lease extension but my landlord is missing. What are my options?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. You will be obliged to prove that you have done all that could be expected to find the freeholder. In some cases a specialist would be helpful to carry out a search and prepare a report to be accepted by the court as evidence that the landlord is indeed missing. It is wise to seek advice from a property lawyer both on devolving into the landlord’s absence and the application to the County Court covering Wendover.
Looking forward to sign contracts shortly on a basement flat in Wendover. Conveyancing solicitors have said that they are sending me a report within the next couple of days. What should I be looking out for?
The report on title for your leasehold conveyancing in Wendover should include some of the following:
- How long the lease is You should be advised as what happens when the lease ends, and informed of the importance of the 80 year mark
- Setting out your legal entitlements in respect of common areas in the building.E.G., does the lease provide for a right of way over an accessway or hallways?
- Does the lease prevent you from subletting the flat, or having a home office for business
- Whether your lease has a provision for a reserve fund?
- Repair and maintenance of the flat
- Responsibility for repairing the window frames
- What the implications are if you breach a clause of your lease?
Estate agents have just been given the go-ahead to market my 2 bed apartment in Wendover.Conveyancing is yet to be initiated but I have just received a half-yearly service charge invoice – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should 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 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.
I own a leasehold flat in Wendover. Conveyancing and Nottingham Building Society mortgage went though with no issue. I have received a letter from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1994. The conveyancing practitioner in Wendover who acted for me is not around.Do I pay?
First contact HMLR to make sure that this person is in fact the new freeholder. You do not need to incur the fees of a Wendover conveyancing solicitor to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
What advice can you give us when it comes to finding a Wendover conveyancing firm to carry out our lease extension conveyancing?
When appointing a solicitor for your lease extension (regardless if they are a Wendover conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with two or three firms including non Wendover conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions could be useful:
- How experienced is the practice with lease extension legislation?
- If they are not ALEP accredited then what is the reason?
I am the registered owner of a 1 bedroom flat in Wendover, conveyancing was carried out 1998. Can you work out an approximate cost of a lease extension? Corresponding properties in Wendover with over 90 years remaining are worth £240,000. The ground rent is £45 per annum. The lease expires on 21st October 2083
With just 57 years left to run we estimate the price of your lease extension to span between £24,700 and £28,600 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.