Llansamlet Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Llansamlet Lease Extensions
We have just bought a maisonette inLlansamlet and I'm considering a lease extension as soon as possible e.g. in 24 months of ownership
I am looking to extend the lease on my studio flat in Llansamlet which will have 63 years unexpired lease in January. What fees are applicable?
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
My neighbours and I are in a block comprising four flats in Llansamlet and have been offered to buy the freehold for 5k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
I have my suspicions that my daughter is being hoodwinked. She submitted an offer on a maisonette in Llansamlet, where the lease is just over seventy eight years but she was told by the estate agents that the seller had extended it to 125 years. Only now has she been told the owner was holding off for her to appoint conveyancers ahead of instigating the lease extension. Seems unscrupulous, also it will take months to sort it all out. Am I reading too much into it?
We have a first floor flat in Llansamlet with fivety six years remaining. Last year we were quoted a deal to grant a lease extension for a further thirty years but also uplift the ground rent from nominal to £250 per year..plus a premium I think of approximately 9k. We have now decided to move forward but do we now have to renegotiate?
I own a share of the freehold. There are four flats in the building. All the leaseholders are now seeking lease extensions. What's your solicitors fee?
I am the freeholder of a Edwardian property split into two apartments. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current sixety nine years. What are my next steps?
I own the freehold reversion of a property in Llansamlet and a leaseholder has requested a lease extension. Her valuer has suggested a figure of £8,000, but has upped this by £2,000 at the drop of a hat. My surveyor has suggested a much higher amount. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just armed with the valuations I have? If not, what costs would I be likely to face?
I am currently negotiating a lease extension for my flat in Llansamlet as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?