I purchased a freehold residence in Arthog but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Arthog and has limited impact for conveyancing in Arthog 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 have existed for 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 is to be extinguished.
My wife and I have recently appointed a conveyancing solicitor in Arthog. I I would like to check if they are on the TSB approved list of lawyers. Can you help?
You should call the lawyer and ask them if they can act for the bank. Alternatively you can call TSB who may be able to help.
Will commercial conveyancing searches reveal planned roadworks that could impact a commercial estate in Arthog?
Many commercial conveyancing solicitors in Arthog will execute a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Arthog. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Arthog.
For every commercial conveyancing transaction in Arthog it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could cause delays to Arthog commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not carried out for residential conveyancing in Arthog.
I have recentlydiscovered that Arc property Solicitors have been shut down. They carried out my conveyancing in Arthog for a purchase of a leasehold flat 18 months ago. How can I check that the property is not still registered in the name of the previous owner?
The easiest way to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Arthog conveyancing specialists.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a quick, chain free conveyancing. Arthog is the location of the property. What do you suggest?
Flying freeholds in Arthog are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Arthog you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Arthog may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
What does commercial conveyancing in Arthog cover?
Commercial conveyancing in Arthog covers a broad array of guidance, supplied by regulated solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.