I have given 8 weeks notice to my current landlord and must leave my rented property in Kingsland by the end of next month. Conveyancing for my house purchase has just started. Can I complete in six weeks as don't want to have to find temporary accommodation?
It is unwise to serve notice on a rental until exchange of contracts has taken place. Assuming that you have not already done so, notify to your solicitor and urge them to they cajole the sellers side, try to an acceptable time-line that everyone will look towards
In researching moneysavingexpert.com for a conveyancing lawyer in Kingsland, many post that I must instruct a CQS accredited lawyer. Can you explain what CQS is?
The Conveyancing Quality Scheme (CQS) provides a kitemark for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * adherence to prudent and efficient conveyancing procedures through the scheme protocol Membership includes many firms who handle conveyancing in Kingsland.
Will our solicitor be raising questions regarding flooding as part of the conveyancing in Kingsland.
The risk of flooding is if increasing concern for conveyancers specialising in conveyancing in Kingsland. Some people will buy a property in Kingsland, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not qualified to offer advice on flood risk, but there are a numerous searches that can be carried out by the purchaser or on a buyer’s behalf which will give them a better understanding of the risks in Kingsland. The conventional set of information supplied to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) contains a usual inquiry of the vendor to determine whether the premises has suffered from flooding. In the event that flooding has previously occurred and is not disclosed by the vendor, then a purchaser could issue a claim for damages as a result of such an incorrect answer. A purchaser’s lawyers will also carry out an enviro report. This should higlight whether there is any known flood risk. If so, further investigations should be conducted.
In what way can the Landlord & Tenant Act 1954 impact my commercial offices in Kingsland and how can your lawyers assist?
The 1954 Act provides a safeguard to business lessees, giving them the a statutory right to apply to court for a new lease and continue in occupation when the lease reaches an end. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act for protection and help with commercial conveyancing in Kingsland
I work for a reputable estate agent office in Kingsland where we have witnessed a few leasehold sales jeopardised due to short leases. I have been given inconsistent advice from local Kingsland conveyancing solicitors. Could you confirm whether the seller of a flat can start the lease extension process for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I am the proprietor of a second floor flat in Kingsland. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the sum due for the purchase of the freehold?
in cases where there is a absentee landlord or if there is disagreement about what the lease extension should cost, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to decide the amount due.
An example of a Lease Extension matter before the tribunal for a Kingsland flat is 5C Stoke Newington Road in April 2010. the Tribunal therefore concludes that the premium to be paid for the extended lease is £700.00 This case was in relation to 1 flat. The unexpired term was 80.5 years.
There are numerous houses in Kingsland on unadopted lanes. I am purchasing one such property. Are there any benefits to buying a property on a private road?
Kingsland conveyancing solicitors will be well versed in conveyancing houseson unadopted roads. The solicitor will investigate title to find any rights or responsibilities. It is possible that there is a residents association that owners pay into to maintain the road. Where one exists, the road should be maintained and look better than publicly adopted.