Drafting/Reviewing a Lease Extension
All work carried out in relation to the drafting and/or negotiating the terms of the extension including drafting/reviewing the new lease, notices and deed of assignment. Please note this does not include statutory Landlord & Tenant applications
Leasehold / Share of Freehold / Freehold with Managing Agent
Additional legal work is needed to cover these types of transaction. As long as you have stated that your property is Leasehold/Share of Freehold/Freehold with Managing Agent, this will have been included in your quote. Where a property is share of freehold, this includes liaising with the co-freeholders to obtain their signatures to the transfer […]
Obtaining Leaseholder’s Certificate of Compliance
When there is a restriction on the title, it can be a part of the post-completion work to obtain a certificate from the freeholder/landlord
Additional Managing Agent / Lease
Additional work involved in liaising with a second Managing Agent and/or reviewing and advising on additional lease (including Solar Panel lease), identifying and complying with requirements and obtaining their replies to leasehold enquiries
Obtaining / Providing a Retention
Negotiating the value and length of time applicable to a retention, with regards to services charges issued after completion but relating to the seller’s period of ownership
Concessionary Purchase
If you sell to a related party at a discounted price, we are required to undertake additional checks and verifications including reporting to any lender, obtaining any relevant indemnities against future insolvency of the seller and preparing Statutory Declarations. Indemnity policy premium and Statutory Declaration are charged separately.
Drafting a Deed of Gift
Where one party wishes to formally document their intention to gift an asset (usually property) to the other party
Help to Buy ISA / Lifetime ISA Administration
Administration fee in connection with confirming eligibility and obtaining the Government bonus for a Help to Buy or Lifetime ISA
Gifted Deposit Administration
Establishing the source of funds in connection with the gift element and reporting to the Lender (if applicable). Includes receipt of one payment transfer from the donor. ID checks are charged separately.
Corresponding with Third-Party Lawyers (Lender)
Where we are not acting for the lender, additional work involved in liaising and complying with a Lender’s third-party Lawyers and their Lender client requirements.
