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Is there anything specific I need to be aware of when selling a leasehold property?

Asked on Apr 7 2011, Selling in Morecambe | Report content

Answers (4)

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  • - Make sure your lease is over 80 years - Make sure you have all contact details of the management company together, especially if it is a large company - Make sure marketing details are correct (for example if it is a TFF and the agent has said that you own the loft space, make sure that you actually do. Dont just assume). - Clarify any parking rights at the property - Make sure you are up to date with your ground rent etc payments

    Answered on Jul 29 2011, Report content
  • Last answer sounds like buying. Clearly a seller can't change length of lease. Only two points. 1. Make sure GR up-to-date, and if a flat SC as well. 2. If lease <80 years, the price you ask will have to reduce, the less lease, the less price.

    Answered on Aug 18 2011, Report content
  • To the person above. Clearly the person selling CAN change the lease period. They can contact the freeholder and extend it.

    Answered on Aug 18 2011, Report content
  • Thank you both for your answers, very helpful. The lease in this case is 999 years so no problem there! Not sure what SC is but this is a ground floor flat.

    Answered on Aug 21 2011, Report content

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