Leasehold
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Conveyancers to take note of study into residential property management
The Office of Fair Trading (OFT) has recently announced its intention to conduct a market study into residential property management services for leasehold homes in England and Wales. In time the findings may have implications for leasehold conveyancing. The OFT is particularly interested in Whether leasehold owners feel that they have sufficient involvement in decisions…
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A post completion nightmare – difficulties with a restriction
Leasehold transactions often face title restrictions favoring management companies, particularly from developments in the 80s and 90s. These restrictions delay registrations until a necessary certificate is obtained. If non-compliance persists, an RX2 application can request disapplication of the restriction, but evidence and lender communication are crucial for successful registration.