Completed the sale of my flat in Little Oakley last July but the buyer keeps e-mailing daily complaining that his lawyer is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
Post completion of your sale your solicitor should send the transfer documentation and all supplemental paperwork to the purchaser's solicitors. Where appropriate, your conveyancer must also evidence that the legal charge in favour of the lender has been paid off to the buyers conveyancers. There is unlikely to be post completion steps unique to conveyancing in Little Oakley.
The estate agent has sent us the confirmation of our purchase of a new build flat in Little Oakley. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Little Oakley
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are surveyor prepared. There must be mutual enforceability of lessee’s covenants.
I am looking for a ground for flat up to £235,500 and found one near me in Little Oakley I like with a park and station in the vicinity, the downside is that it only has 51 years on the lease. There is not much else in Little Oakley for this price, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a mortgage the shortness of the lease may be an issue. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
In what way does the Landlord & Tenant Act 1954 impact my business premises in Little Oakley and how can your lawyers assist?
The 1954 Act provides a safeguard to business lessees, giving them the dueness to apply to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and help with commercial conveyancing in Little Oakley
Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £475,000 apartment in Little Oakley next Thursday. The freeholder has quoted £312 for Landlord’s certificate, building insurance schedule and previous years service charge statements. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Little Oakley?
Little Oakley conveyancing on leasehold flats normally requires the purchaser’s lawyer submitting enquiries for the landlord to address. Although the landlord is under no legal obligation to address these enquiries most will be content to do so. They are entitled to charge a reasonable administration fee for responding to enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is £350, in some cases it is in excess of £800. The management information fee required by the landlord must be sent together with a synopsis of entitlements and obligations in respect of administration charges, without which the invoice is not strictly payable. Reality however dictates that you have little choice but to pay whatever is requested of you if you want to sell the property.
Little Oakley Leasehold Conveyancing - Examples of Queries before Purchasing
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Are any of leasehold owners in dispute over their service charge liability? The best form of lease structure is a share of the freehold. In this scenario the tenants enjoy control and notwithstanding that a managing agent is frequently employed if it is larger than a house conversion, the managing agent is directed by the tenants. Be sure to find out if there are any onerous prohibitions in the lease. By way of example plenty of leases prohibit pets being allowed in in a block in Little Oakley. If you love the apartmentin Little Oakley yet your dog is not allowed to move with you then you will be presented with a hard choice.
When it comes to my conveyancing in Little Oakley should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Little Oakley conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancing practitioner's time in submitting the funds this way.