FAQs concerning Marks Gate Lease Extensions

  • I inherited a flat in Marks Gate with a leasehold unexpired circa 70 years and need a lease extension. Please can you clarify the next steps
  • Hello. I need someone to review my lease extension before it's formalised just to make sure there's nothing that I haven't seen - it's just a reissue with a few minor variations.
  • 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?
  • Re a residence in Marks Gate. lower maisonette. sixety nine yrs left. I have negotiated a lease extension price of £14k for 135yrs. Freeholder also requested Notice of Claim which I think is a bit over the top. Can you assist.
  • We have a first floor flat in Marks Gate with sixety four years to run. Ten months ago we were quoted a deal to have a lease extension for another fifty years but also uplift the ground rent from nominal to a little more..plus a premium I think of about 9k. We have now decided to go ahead but do we now have to renegotiate?
  • I have a share of the freehold. There are five apartments in the building. All the leaseholders are now requiring lease extensions. What's your legal fee?
  • Me and my sister are considering buying a maisonette in Marks Gate which is a leasehold. I am wanting to weigh up the advantages and disadvantages of that - what happens when lease expires, how much it costs to extend it, can the freeholder of the property evict me from my own flat and block me from extending the lease?
  • We are looking to extend our lease having owned the flat for 2 years as of 1st March 2016. It has nearly 54 years remaining currently. Hoping to get a lease extension by another 90 years as quickly and stress free as is reasonably achievable.
  • Coming up to 2 years that I have owned my garden flat in Marks Gate. I have 60 yrs outstanding on the lease. I am now looking either to buy a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 445k. I understand that 90 years is the period most people extend. I spoke to my about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
  • I am the registered freeholder to two flats. Someone has the lease on the ground flat in Marks Gate. I live in the top flat. I was looking at the land registry documents last night when I noticed that my flat has a lease on it. There is 79 years residual lease term. If I want to do a lease extension then would I simply be paying for the charges?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Marks Gate