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Excellent stuff. And I'd completely defer to your conveyancer on the head lease - I know our block has a similar setup but the head lease contains no restrictions on Leaseholders of the residential block and so the impact is zero. (It does contain restrictions on the commercial element of our block.) But no, on the surface, nothing to worry about until your conveyancer gets a copy of that head lease and confirms what (if any) impact on you.
ReekBlefs
Thanks so much for this, that gets me comfortable! Sales listing said £500 p/year (5 flats in total) which I think mainly does the buildings insurance. Will get solicitor to check all and she is going to do me a report on it/explain everything.
Does the below concern you at all?
"The title for the block is made up of three parts:-
· The lease that you will be taking over (known as a sub-lease or under lease)– registered under title AV96701
· A lease to the Management Company (known as a head lease)
· The freehold (currently registered to two private individuals X and Y) – registered under AV23887
There is nothing wrong with this set up and you should not be overly concerned that there is an additional lease above yours.
At the moment the sellers have not provided me with a copy of the head lease or the title associated with it and this has been requested within my enquiries. Without this I cannot provide you with a full report in relation to your lease as there may be covenants (do’s and don’ts) contained within this lease that impact your own."