Sale of Leasehold Residential Property
Claire Miller
Kamran Shah
Karabo Mclean-SalmonConveyancing Fee Calculator
The precise stages involved in the sale of a leasehold residential property vary according to the circumstances. However, the details below will give you an idea of the key stages:
Key Stages
The key stages involved in selling a leasehold residential property are as follows:
- Take your instructions and give you initial advice
- Check title to the property and contact any mortgagee with regard to obtaining deeds and a redemption statement if needed
- Obtain a leasehold information pack from the relevant landlord/managing agent
- Prepare a contract pack and submit this to the buyer’s solicitors
- Obtain any relevant planning documentation if required
- Respond to any necessary enquiries raised by the buyer’s solicitor
- Give you advice on any enquiries raised by the buyer’s solicitors
- Send agreed form to you for signature
- Approve transfer prepared by buyer’s solicitors
- Deal with any pre-completion search enquiries raised by buyer’s solicitors
- Agree completion date
- Exchange contracts and notify you that this has happened
- Arrange for you to sign the relevant documentation required for completion
- Complete sale
- Deal with discharge of any existing mortgage and remit net proceeds of sale to you
If you need any advice on the sale of a leasehold residential property then please email us and we will respond as soon as possible, or call us on 01923 225212.
Penman Sedgwick's opening hours:
Monday to Friday, 9.00am – 5.30pm