St Leonards On Sea Lease Extension - Your Legal Fees Calculator
St Leonards On Sea Lease Extensions: Q and A’s
I’m just looking for a maisonette to purchase in the St Leonards On Sea area and was enquiring how much would it cost for a lease extension? It has 68 years left...
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?
I'm looking for a flat to purchase in St Leonards On Sea and I'm not really familiar with the leasehold arrangement. I've identified a three bed flat I like with a 82 years lease. I've read that I can apply for a lease extension having owned the property for 2 years, but:- Should I be looking at some caveats that would prevent me for getting a lease extension?
Me and my sister are considering buying a one bedroom ground floor purpose built flat in St Leonards On Sea which is a leasehold. I am wondering what are the advantages and disadvantages of that - what happens when lease expires, the cost of a lease extension, can the freeholder of the land evict me from my own flat and block me from extending the lease?
I intend to buy a one bed flat in St Leonards On Sea for asking price of 125k, which has seventy nine 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 question is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?
If somebody owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
It says on your website the likely fee for dealing with a lease extension is £495. Is that the all inclusive cost including value added tax and the land registry fee? The premium has already been negotiated with the freeholder for the lease extension for my garden flat in St Leonards On Sea
I own the freehold reversion of a property in St Leonards On Sea and a leaseholder has requested a lease extension. Her valuer has provided a figure of £9,000, but has upped this to £10,000 without too much effort. My surveyor has recommended a much higher premium. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just equipped with the valuations I have? If not, what fee would I be likely to incur?
We wanted an estimate on the cost of a lease extension and a few more questions answered regarding a lease extension for my two bedroom first floor purpose built maisonette in St Leonards On Sea
Do you handle lease extensions on land? (a plot of land in St Leonards On Sea with 82yrs remaining)