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)
Sort by: Oldest | Recent | Highest rated
-
- 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
Didn't find what you were looking for? Ask a question
More Selling in Morecambe questions on AskMe
-
If a house is stood empty for months or years can you move in and claim rent?
Asked on Mar 26 2011, Selling in Blackpool
1 answer - Answer this question -
Asked on Oct 6 2010, Selling in Blackpool
1 answer - Answer this question -
Hi, my parents would like to downsize with cash adjustment in Blackpool area. Is it possible?
Asked on Nov 11 2009, Selling in Blackpool
1 answer - Answer this question -
How much do online estate agents charge?
Asked on Mar 11 2012, Selling in Lytham St. Annes
2 answers - Answer this question