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Car parking space purchase
mustachio
Posts: 83 Forumite
I have a mortgage on a flat. The leaseholder is listening to bids for a parking space-should I go immediately through getting my own solicitor?
The person owning the leasehold is a bit "shady" and I don't trust him at all.
The person owning the leasehold is a bit "shady" and I don't trust him at all.
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Comments
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Why would you need a solicitor to make a bid ???0
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You are the leaseholder.I have a mortgage on a flat. The leaseholder is listening to bids for a parking space-should I go immediately through getting my own solicitor?
The person owning the leasehold is a bit "shady" and I don't trust him at all.
I think you mean the freeholder.
You don't need a solicitor in order to place a bid. If your bid is accepted, then you will need a solicitor for the purchase.0 -
Your first challenge is deciding how much you want to bid.
Are you just bidding a figure for a weekly/monthly rental fee? If so, you probably don't need a solicitor for that kind of rental contract.
Or are you bidding for a long lease - perhaps the same length as your flat lease? If so, you need to think about how much value a parking space would add to your flat. Given the likely amount of money involved, if your offer is accepted, you might want to instruct a solicitor to check the lease etc.0
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