Preparing to sell your leasehold property

Selling your leasehold property may seem like a daunting task. You will have been aware of the issues involved when you first purchased your leasehold property. Being adequately prepared prior to instructing a solicitor will help ease any added stress involved when dealing with leasehold enquiries from your buyer.

Make sure you have your original share certificate in place as your buyer will require this. Up to date details of any service charges, buildings insurance and ground rent will always be requested in a leasehold transaction so try and obtain them as soon as possible to minimise any delays.

If you’re aware of any managing agent who handle other aspects of the property, for example the maintenance of open spaces, then notify them of your proposed sale and obtain direct contact details if available.

Do you have a copy of your original lease? Try and locate it along with any other documents you had to sign when you first purchased the property

Ultimately, preparation will undoubtedly help to minimise the stress involved in selling your leasehold property. It’s highly likely that you will only be asked to provide information on the matters mentioned above at a later stage in the transaction so why not deal with them beforehand.