Monmouth Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Monmouth Lease Extensions
I want to acquire a leasehold property and extend the lease. The current owner has been there over 2 years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
I am looking into the costs of carrying out a lease extension for my first floor flat in Monmouth, and would like some figures on that.
Me and my wife are proceeding with buying a one bedroom apartment in Monmouth. I was advised by the EA that the lease extension had already been completed while on a viewing (68 years unexpired lease prior to extension). The sales particulars said "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The vendor supposedly has a quote but no finances to extend and consequently the owner wants to exchange and use the deposit monies for the lease extension. My question is have the estate agents breached any law by misrepresenting the position concerning the lease term?
I am looking to buy a one bed flat in Monmouth for asking price of 156k, which has seventy five years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
My property lawyers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
My father has a share of freehold, with two other leaseholders in a building in Monmouth. House divided into three flats. He has a lease, which has just under 78 years outstanding. Does he have to do the lease extension at the same time with the other tenants, or could he extend the lease on his own?
I am the freeholder of a Georgian 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 fivety nine years. What are my next steps?
Me and my husband would like to know the cost of a lease extension valuation for a property based in Monmouth. Would you be able to help?
I have a freehold of a three bedroom flat in Monmouth. The leaseholders have fivety five years on a lease and wants to purchase another 90 years. The have offered me 22k. Is this around the right price?
We are hoping to acquire a home (a maisonette inMonmouth with share of freehold). During our search, we were always looking at properties that had at least ninety years left on the lease. We found a place we liked and the selling agent assured that the lease was long albeit not specifying a number. This morning our solicitors advised us the lease only has sixety seven years and therefore needs a lease extension. Do we run away, or do we lower our offer by the estimated difference in value resulting from the short lease term setting aside that money to cover the lease extension?