I own a freehold house in Acton yet invoiced for rent, why is this and what is this?
It is rare for properties in Acton and has limited impact for conveyancing in Acton but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
Do I need to take out insurance to cover chancel repairs when acquiring a property in Acton?
Unless a previous acquisition of the house completed post 12 October 2013 you can expect lawyers carrying out conveyancing in Acton to continue to propose a a chancel search and or chancel repair liability insurance.
I am looking for a flat up to £245,000 and found one near me in Acton I like with open areas and railway links nearby, the downside is that it only has 51 years on the lease. I can't really find anything else in Acton in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage that many years will likely be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you can request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
I am a sole trader intending to take an assignment of a lease of a shop on the high street. Can you recommend lawyers offering no-sale-no charges for non-domestic conveyancing in Acton for below 1500k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Acton, including the sale and acquisition of businesses as well as simply premises. If you are intending to buy or sell a shop, pub, restaurant, office, retail premises or a complete business we will find you the right firm. As for the costs these will vary based on the structure and heads of terms of the deal. Please provide us with your contact information or email us so that we may provide you with comprehensive commercial conveyancing calculation.
Is it best to appoint a Acton conveyancing lawyer who is local to the property I am purchasing? We have a good friend who can carry out the legal work however they are based over three hundred kilometers drive away.
The primary upside of using a high street Acton conveyancing practice is that you can attend the office to execute paperwork, present your identification documents and pester them if necessary. Having local Acton know how is a benefit. That being said it's more important to get someone that will do a good and efficient job. If if people you trust instructed your friend and in the main were impressed that must trump using an unknown Acton conveyancing solicitor solely due to them being local.
Having checked my lease I have discovered that there are only 62 years left on my flat in Acton. I now want to get lease extension but my landlord is absent. What options are available to me?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the Court. However, you will be required to demonstrate that you have used your best endeavours to track down the lessor. For most situations a specialist would be helpful to conduct investigations and to produce an expert document which can be used as proof that the freeholder can not be located. It is wise to seek advice from a property lawyer in relation to investigating the landlord’s absence and the vesting order request to the County Court covering Acton.
I have given up trying to purchase the freehold in Acton. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Absolutely. We are happy to put you in touch with a Acton conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Acton premises is 4 Woodhurst Road in July 2013. The Tribunals valuation for the premium to be paid in respect of the collective enfranchisement was £51,050. This case related to 2 flats. The unexpired term was 63.75 years.