Buying a Leasehold Property
When you are purchasing a leasehold property, there are a number of additional issues over and above the purchase of a freehold to deal with to make sure that the property is satisfactorily transferred to you.
One of the documents that should be reviewed by your solicitor is the Lease. This document regulates your relationship with the landlord and the other leaseholders and will set out your rights and obligations in respect of the property. For example, it will detail the service charge that you and other leasehold owners will have to contribute towards.
At Buss Murton Law, we will ensure that you have all the necessary rights to fully use the property as well as checking that the restrictions and obligations that are imposed are not too onerous. We will also check that the remaining term of the Lease is sufficient for you and your lender (if any).