Having sold my house in Locksbottom last March yet the purchaser is whats apping every few hours to moan that her lawyer is waiting to hear from mine. What should have happened following completion?
Post completion of your house sale your conveyancer is duty bound to send the transfer deeds and all of the paperwork to the buyer’s solicitors. Where relevant, your conveyancer must also evidence that the home loan has been repaid to the purchasers lawyers. There are no post completion formalities just for conveyancing in Locksbottom.
Me and my brother own a semi-detached Georgian property in Locksbottom. Conveyancing lawyer acted for me and Godiva Mortgages Ltd. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the exact same property. Is it worth asking Godiva Mortgages Ltd to clarify?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Locksbottom and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with your conveyancing practitioner who conducted the work.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Locksbottom. Conveyancing is daunting 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 enquiries that you can expect your new-build leasehold conveyancing in Locksbottom
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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? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants.
I am looking for a ground for flat up to £195,000 and found one near me in Locksbottom I like with amenity areas and railway links nearby, the downside is that it's only got 51 years on the lease. There is not much else in Locksbottom suitable, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan the remaining unexpired lease term may be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
In what way does the Landlord & Tenant Act 1954 impact my business premises in Locksbottom and how can you help?
The 1954 Act gives a safeguard to business leaseholders, granting the right to apply to court for a continuation of occupancy at the end of the lease term. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Locksbottom is one of our numerous areas of the UK in which the firms we work with have offices
Due to sign contracts shortly on a garden flat in Locksbottom. Conveyancing lawyers have said that they are sending me a report next week. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Locksbottom should include some of the following:
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Whether your lease has a provision for a slush fund? Whether the lease restricts you from letting out the property, or working from home Setting out your rights in respect of common areas in the building.By way of example, does the lease include a right of way over a path or hallways? Repair and maintenance of the premises You should know if the lease permits you to change or upgrade aspects of the premises- you should know whether any restrictions applies to all alterations or limited to structural alteration, and whether permission is required
Notwithstanding our best efforts, we have been unsuccessful in trying to reach an agreement for a lease extension in Locksbottom. Can this matter be resolved via the Leasehold Valuation Tribunal?
Where there is a absentee freeholder or if there is disagreement about what the lease extension should cost, under the relevant legislation it is possible to make an application to the LVT to judgment on the premium.
An example of a Lease Extension matter before the tribunal for a Locksbottom residence is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case affected 1 flat. The number of years remaining on the existing lease(s) was 50.57 years.