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    • Indiemodboy
    • By Indiemodboy 12th Sep 17, 4:26 PM
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    Indiemodboy
    Cost of residential lease creation
    • #1
    • 12th Sep 17, 4:26 PM
    Cost of residential lease creation 12th Sep 17 at 4:26 PM
    Hi all,
    I have had al look through the threads and can't find one relating to solicitors costs for creation of a new residential lease.

    I currently own the leasehold to my flat and the loft space above is not included in the lease. The freeholder has agreed to sell me the roof space above my flat for a reasonable fee on the agreement that I pay her solicitors fees.

    Her solicitor has contacted me with a quote to create a new lease to include the loft space of £3,600 including VAT. I will also have to pay my own solicitors fees on top of this and have already obtained copies of all the leases relating to the freehold and obtained a technical drawing of the loft space to be demised.

    I thought that this sounded extortionate price was. What are people's thoughts on this? Any ideas of what would be an average price for the creation of a new lease would be most welcome.

    Thanks
    Paul
Page 1
    • Indiemodboy
    • By Indiemodboy 13th Sep 17, 1:13 PM
    • 2 Posts
    • 0 Thanks
    Indiemodboy
    • #2
    • 13th Sep 17, 1:13 PM
    • #2
    • 13th Sep 17, 1:13 PM
    Any body got any helpful advice on this for me?
    • hazyjo
    • By hazyjo 13th Sep 17, 1:28 PM
    • 9,802 Posts
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    hazyjo
    • #3
    • 13th Sep 17, 1:28 PM
    • #3
    • 13th Sep 17, 1:28 PM
    Doesn't sound that extortionate to me - my previous vendors had to have a lease amended which cost around £1,500. Was a fairly simple thing though with a deed of rectification/variation which meant the garages were shown on the plan - they'd not been shown as linked as belonging to the house when they bought the house from new.


    Solicitors ain't cheap...
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    • davidmcn
    • By davidmcn 13th Sep 17, 1:42 PM
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    davidmcn
    • #4
    • 13th Sep 17, 1:42 PM
    • #4
    • 13th Sep 17, 1:42 PM
    Her solicitor has contacted me with a quote to create a new lease to include the loft space of £3,600 including VAT. I will also have to pay my own solicitors fees on top of this
    Originally posted by Indiemodboy
    Well, what is your solicitor quoting as their fee? That should give you some guidance.
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