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Course Residential Leasehold: An Introduction

Overviewnew


This course is aimed at conveyancers/secretaries who may be nervous when dealing with leasehold properties and wish to develop their knowledge as to what they should be doing in practice when acting for either a seller or a buyer. The course will provide practical guidance in relation to the documents which need to be sent when acting for a seller. It will explain what a seller and estate agent should be told when a sale is agreed in order to manage expectations as to time scale and how the sale of a leasehold property can cause delays throughout the chain.  The course also considers what a buyer should be told and the potential pitfalls of buying a leasehold property. 

The course covers:

  • Differences between freehold and leasehold
  • History of leasehold
  • Why have leasehold?
  • Common terms/conditions in a lease
  • Role of managing agents
  • Role of freeholders
  • LPE1 leasehold information pack – service charge accounts
  • What happens on completion of the purchase of a leasehold property? Comparison with the procedure on the purchase of a freehold property
  • The present position: Law Commission review; Government consultations; provision of up-front information
  • Where next with leasehold? Impact of doubling ground rents, section 8 of the Housing Act
  • Leasehold v commonhold
  • What should clients be told throughout the transaction?

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Details


Type
Course
Level
Foundation
CPD
3 hours
SRA

Fees


£112.50
Package Price
Click here for details

£255.00
Non Member

(Excluding VAT)

Speakers


Sarah DwightDetails

Brochure


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