Articles by Andrew Szebeni
- In Leasehold Enfranchisement, What Is A Nominee Purchaser?
If you are buying the share of freehold of a residential flat development by means of the leasehold enfranchisement procedures, for bigger developments it could be that an entity is supposed to be formed that is to get the freehold from the present freeholder or reversioner. This body is the nominee purchaser and there are actually quite a lot of crucial matters to bear in mind. Published 11Nov2011, viewed 102 times
- Commonhold Fact For Flat Owners
Commonhold is a much misunderstood for of real estate and property tenure. Is it worth converting your leasehold block? How popular is it? How easy is it to do. Read on and find out if you are an apartment or flat owner. Published 09Nov2011, viewed 73 times
- Why Should I Bother Extending The Lease On My Flat?
Thousands of flat owners of apartments extend their leases every year but why do they go to the effort? Possibly you have been contacted by your freeholder with a suggestion to extend your lease. Possibly you have heard that your neighbours are doing it. Now you are questioning why you would be advised to extend the lease of your apartment also. Perhaps you are able to just ignore it. Published 14Nov2011, viewed 153 times
- Why Does Lease Length Matter For Flats And Houses?
Lease length has a significant effect in real estate on the value of flats and apartments. This article explains why the 80 year mark is so important. Published 06Oct2011, viewed 74 times
- What Is The Cost Of The Average Lease Extension
When looking at extending the lease length on a leasehold flat, one of the first questions to be asked is concerning the costs. This can be a complicated calculation with a large number of variables and we outline the important principles here that every apartment owner should know when considering extending their leases. Published 18Sep2011, viewed 111 times
- Right To Manage: 10 Things The Owner Of A Flat Should Know
Right To Manage can be used by owners of flats and apartments to take control of the management of the shared parts of their development under leasehold enfranchisement legislation. Published 08Aug2011, viewed 96 times
- How Does Lease Length Affect The Price Of An Apartment?
In essence the shorter the time left on a lease, the less a home is worth. An unexpired period of lease of 100 or more years has little or no affect on the value. With leases higher than 100 years, the worth of the home is essentially unchanged, whatever the number of years outstanding. The duration of the lease is considerably longer than the lifetime of most people so this is not a question for mortgage lenders specifically. Published 14Jul2011, viewed 124 times
- What Is The Deal If One Can Not Find The Freeholder?
If you own a leasehold residential apartment in England or Wales you may perhaps want to speak to your freeholder (referred to as a 'landlord' in legal parlance) for a whole array of reasons. Possibly one may want to extend the period of your lease or lessees have issues with the administration of the estate and the freeholder controls the repair or possibly one have an issue with the ground rent. Published 14Jul2011, viewed 285 times
- What Does 'Leasehold' Mean When Talking About A Flat?
Leasehold enfranchisement and what it means to owners of residential leasehold flats, definition and explanation. Extending leases of apartments, buying share of freehold and right to manage are explained. Published 06Jul2011, viewed 208 times
- Timetable And Procedures When Buying The Freehold Of Your Block Of Flats
Timing is vital in the event that you are buying the freehold of your apartment block. One of the most widespread causes for failing to acquire the freehold of a block of flats (when being permitted to do so) is overdue submission and reaction to notices and not adhering to the strict timetable. The timetable for a collective enfranchisement procedure is thoroughly laid out and it is worth getting to grips with. Published 18Jun2011, viewed 194 times
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