Top Tips for Assessing Whether a Flat Leasehold Title is Defective or Good and Marketable

Description

As a busy property lawyer, you will know that purchases of leasehold flats can be complex and high-risk. So, this presentation is designed to provide you with a vital overview on a range of matters that you otherwise might not have time to read about.

This course will focus on key issues that arise in the purchase of flats and apartments, such as—

1. Does the lease make adequate provision for transfer of the freehold to a management company and for the contingency of non-compliance with the company’s covenants?
2. Are the leases required to be in similar form?
3. Do you need a mortgagee protection clause?
4. Checking that the demise is accurate — Is the lease plan accurate and compliant with Land Registry requirements?
5. Are the extent of the common parts and structure clearly described?
6. Dealing with onerous ground rent provisions
7. Assessing whether the service charge provisions are satisfactory
8. Determining whether the lease contains any fundamental defects
9. Are the landlord’s/management company’s obligations clearly defined?
10. New terms that will be implied into certain leases by statute
11. Issues often faced by buy-to-let purchasers of flats
12. Does the head lease contain any pitfalls?
13. Key features of the current model shared ownership lease for England