Conveyancing Solicitors in Liverpool handle sale of seafront flat

Conveyancing Solicitors in Liverpool act on Beach Lawn flat

Conveyancing Solicitors in Liverpool handled the sale of a lovely leasehold flat at Beach Lawn, Seaforth, Liverpool L22 for Mr and Mrs T in 2010.

Jane Lim was responsible for overseeing the legal work involved, and so asked the clients to complete a number of enquiry forms which would have to be sent on to the buyer's Property Lawyers once a sale had been agreed.

Leasehold Conveyancing in Liverpool

As the flat was leasehold, one of the forms contained many enquiries about the lease and the management of the building.

Sellers are asked to supply copies of service charge accounts for previous years, and of any other paperwork that they have received from the freeholder or any management company. Because the form is intended to be used for a wide variety of properties, some of the questions may be irrelevant or difficult to answer and Conveyancing Solicitors in Liverpool frequently receive queries from clients wondering what information they need to supply.

An unusual leasehold arrangement

The property being sold comprised an apartment located in a late-Victorian terrace on the seafront. The freehold title was vested in a company and the owners of each of the flats in the building were members of this company. There were no regular service charges but each owner paid a share of the annual insurance premium.

Interestingly, the owner of another flat acted as company secretary and handled any management matters, so the sellers had to obtain some information from him to enable them to complete the form.

While the sellers were completing the form sent to them by Jane, she also wrote to the owner who handled any management matters to see if he would be prepared to complete a more substantial questionnaire which would be required by the Conveyancing Solicitors in Liverpool acting for the buyers

These questions would normally be completed by professional managing agents, who make a substantial charge for supplying the required information and copy documents.

Information required from freeholders

When the freehold is owned by the flat-owners it is often difficult to get much of the information which buyers require.

Jane received a phone call from the company secretary explaining that she only dealt with the management as a favour to the other flat-owners, but she would try to give as much information as she could. She asked for a fee to be paid to cover her expenses, and then supplied copies of the company's accounts and the buildings insurance documents. She also gave the details required so that the buyer could become registered as a member of the company after the sale was finalised.

Having obtained all this information, Jane was then able to move quickly on the sale as soon as a buyer had been found. Local agents Michael Moon of 54 Liverpool Road, Crosby, Liverpool. L23 5SG negotiated a sale, and Weightmans of India Buildings, Water Street, Liverpool, L2 0GA were the buyers' Conveyancers. As Jane had already obtained much of the information which they required, the sale proceeded quickly, and was soon completed.

The sellers were grateful for the co-operation of their fellow freehold co-owner, who dealt with the enquiries which Jane had sent to her, and greatly assisted with the sale.