Leases run out. You may think a lease with 60 or 70 years is fine but wait until you try and sell it. The harsh reality is that it's hard to sell a lease with less than 80 years left to run. The reason is simply because it costs a lot more to renew a lease with 80 or less years left than a longer lease. If a lease has more than 80 years to run it may only cost a few thousand to renew it. But if it has less than 80 years the freeholder is entitled to a share of the extra value arising from the lease extension.
Services
Key People
Report
Specialist in Wills, Inheritance Tax and Elderly Client law. Former President of the Law Society of England and Wales. Qualified as a solicitor in 1979. Holds an MA in Socio-Legal Studies and is a member of the Law Society of England and Wales. Member of the Society of Trust and Estate Practitioners.
Buying Property
Report
All our conveyancing work is done by experienced, qualified solicitors. We've been doing it for over 35 years. We know what to do to make things happen and how to protect you from the worst of the horrors and irritations. If you want solicitors who will listen to you and do what you want, when you want it, call us on 020 3633 4060.
Selling Property
Report
Obtain the title deeds from your existing lender if you have a mortgage. If you do not have a mortgage we have to rely on you to provide us with the original deeds. Obtain an official copy of the entries on the Land Registry records from the Land Registry. Draw up, a draft contract and lease if appropriate and send them to the purchasers solicitors together with a copy of the title documents and any other relevant papers provided to us by you or with the original deeds.Deal with any reasonable enquiries about the property received from the purchaser's solicitors.
Lease Extensions
Report
The reason leases exist is to create a link between the owners of the various flats in a building so that someone (usually the Landlord) can make everyone comply with their obligations to repair and maintain their own flat and contribute to the cost of maintaining, insuring heating and lighting etc the shared or common parts.
Reviews
Be the first to review Sayer Moore & Co.
Write a Review
