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concurrent lease?
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JK4158
Posts: 20 Forumite
Hi!
I am a FTB in the process of buying a share of freehold + lease flat
I see from the title register that the 'initial' lease is from 2008 with about 100yrs lease left, then I realised there is another lease from 2021 which is like 999yrs (so longer than the initial lease) which says it's concurrent
I am completely confused, can't ask the solicitor yet as I just bought the titles of Land Registry myself as frustrated with a slow process / lack of response from the vendor (my solicitor didn't receive anything from the vendor's solicitor for about 4 weeks since my offer was accepted)
Less alarming aspect is the proprietors seems to be exactly same on both leases...
Is there a big risk to this? I will of course check with my solicitor but not sure when I would be able to...
Also, apparently this flat was initially owned by the Council before a property developer bought it and splitted into two flats, is there usually an easement issue or something stemming from this? I know these are all the things I can ask my solicitor later...but....I am the usual anxious bunch who would like immediate knowledge....
Great appreciations to anyone who can help!
I am a FTB in the process of buying a share of freehold + lease flat
I see from the title register that the 'initial' lease is from 2008 with about 100yrs lease left, then I realised there is another lease from 2021 which is like 999yrs (so longer than the initial lease) which says it's concurrent
I am completely confused, can't ask the solicitor yet as I just bought the titles of Land Registry myself as frustrated with a slow process / lack of response from the vendor (my solicitor didn't receive anything from the vendor's solicitor for about 4 weeks since my offer was accepted)
Less alarming aspect is the proprietors seems to be exactly same on both leases...
Is there a big risk to this? I will of course check with my solicitor but not sure when I would be able to...
Also, apparently this flat was initially owned by the Council before a property developer bought it and splitted into two flats, is there usually an easement issue or something stemming from this? I know these are all the things I can ask my solicitor later...but....I am the usual anxious bunch who would like immediate knowledge....
Great appreciations to anyone who can help!
0
Comments
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Are both the leases for the same flat?0
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Yes hence concurrent lease on top of the initial lease0
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