The number of people buying flats/apartments is increasing.
Whether you are a first time buyer purchasing your first property, a buy-to-let investor who will be renting out your flat/apartment or portfolio of flats/apartments or whether you are down-sizing and purchasing a retirement apartment, it is essential that you instruct a solicitor who is experienced in dealing with flats/apartments.
Although flats/apartments may be of lower valuer than a house in the area in which you are purchasing, the legal work involved in the sale or purchase of an apartment is much more complex than that of house.
The flat/apartment will be leasehold and the lease will grant you a right to use the property for a specified period of time, subject to covenants and payment of ground rent to the Landlord and service charge to the Landlord or Property Management Company.
A lease will also need to deal with your right to use common parts, such as stairs, lifts, gardens and parking.
At Myerson, we are experienced in dealing with both the sale and purchase of flats/apartments, not only in the local areas of Cheshire and Manchester, but throughout England and Wales, including London.
We will review and advise on all documentation such as the lease, leasehold title and freehold title.
We will also liaise with the Landlord and Property Management Company regarding the ground rent and service charge, review the ‘Management Pack’ that will be provided by the Property Management Company and deal with any post completion formalities required by the Landlord and/or Property Management Company such as notices, deeds of covenant and consents.
How We Can Help
A member of our specialist team will be happy to help.
To discuss Flats / Apartments issues, please either use the contact form on the right, email us at email@example.com or call us today on +44(0)161 941 4000 to speak to a member of our team.