Frequently asked questions relating to Woodley leasehold conveyancing
I have recently realised that I have 62 years unexpired on my lease in Woodley. I need to extend my lease but my landlord is absent. What options are available to me?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the Court. However, you will be required to demonstrate that you or your lawyers have made all reasonable attempts to track down the freeholder. In some cases a specialist may be useful to conduct investigations and prepare a report which can be used as proof that the freeholder can not be located. It is wise to seek advice from a conveyancer both on proving the landlord’s disappearance and the application to the County Court covering Woodley.
I am hoping to complete next month on a garden flat in Woodley. Conveyancing solicitors assured me that they will have a report out to me tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in Woodley should include some of the following:
- Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, freeholder
I today plan to offer on a house that appears to meet my requirements, at a reasonable price which is making it more attractive. I have subsequently found out that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a leasehold house in Woodley. Conveyancing solicitors have not yet been appointed. Will my lawyers set out the implications of buying a leasehold house in Woodley ?
The majority of houses in Woodley are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. We note that you are purchasing in Woodley in which case you should be shopping around for a Woodley conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as obtaining the landlord’spermission to conduct alterations. You may also be required to pay a contribution towards the upkeep of the estate where the house is part of an estate. Your solicitor should appraise you on the various issues.
Can you offer any advice when it comes to choosing a Woodley conveyancing practice to carry out our lease extension conveyancing?
When appointing a property lawyer for lease extension works (regardless if they are a Woodley conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We suggested that you talk with several firms including non Woodley 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:
- If the firm is not ALEP accredited then why not?
Do you have any top tips for leasehold conveyancing in Woodley with the aim of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in Woodley can be bypassed if you get in touch lawyers as soon as your agents start marketing the property and request that they start to collate the leasehold information needed by the purchasers’ solicitors.
- If you have carried out any alterations to the residence would they have required Landlord’s approval? Have you, for example installed wooden flooring? Woodley leases often stipulate that internal structural changes or laying down wooden flooring necessitate a licence issued by the Landlord consenting to such alterations. Should you dont have the approvals in place you should not contact the landlord without checking with your solicitor before hand.
Woodley Leasehold Conveyancing - A selection of Queries before buying
This information is important as a) areas may result in problems in the block as the common areas may start to deteriorate if maintenance remain unpaid b) if the tenants have an issue with the running of the building you will need to know about it
It would be sensible to find out as much as possible about the company managing the building as they can either make your life much simpler or uncomfortable. As the owner of a leasehold property you are frequently at the mercy of the managing agents from a financial perspective and when it comes to day to day matters like the tidiness of the communal areas. Enquire of prospective neighbours what they think of them. On a final note, investigate as to the dates that the service fees are due to the managing agents and precisely what you get for your money.
Is anyone aware of any major works anticipated that will increase the service charges?