Should commercial conveyancing searches disclose impending roadworks that could affect a commercial estate in Aylesford?
Many commercial conveyancing solicitors in Aylesford will execute a SiteSolutions Highways report as it reduces the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Aylesford. 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 Aylesford.
For every commercial conveyancing transaction in Aylesford it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may cause delays to Aylesford commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not ordered for residential conveyancing in Aylesford.
Are there restrictive covenants that are commonly picked up during conveyancing in Aylesford?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Aylesford. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
About to purchase a new build apartment in Aylesford. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Aylesford
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
My business partner and I are looking to lease a unit on a shopping parade. Can you recommend conveyancers offering no-sale-no costs for non-domestic conveyancing in Aylesford for less than 1500k?
We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Aylesford, including the disposal and purchase of businesses as well as simply property. If you are intending to acquire or dispose of a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right firm. As for the charges this will depend on the structure and terms of the deal. Please provide us with your details or phone so as to enable us to supply you with comprehensive commercial conveyancing calculation.
I am looking at a couple of flats in Aylesford which have about fifty years remaining on the lease term. Should I regard a short lease as a deal breaker?
A lease is a right to use the property for a period of time. As a lease gets shorter the marketability of the lease decreases and results in it becoming more costly to extend the lease. For this reason it is advisable to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease as mortgage companies may be unwilling to lend money on such properties. Lease extension can be a protracted process. We recommend you get professional assistance from a solicitor and surveyor with experience in this arena.
Aylesford Leasehold Conveyancing - Sample of Questions you should ask before Purchasing
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The best form of lease arrangement is a share of the freehold. In this scenario the lessees benefit from control and notwithstanding that a managing agent is frequently retained where the building is bigger than a house conversion, the managing agent is directed by the tenants. Generally speaking the outlay for major works are not built into the maintenance charges, although a few managing agents in Aylesford require tenants to pay into a reserve fund and this is used to offset against larger works.
New build sellers have put forward a lawyer and I've sought a quote from them. It's nearly two hundred pounds less expensive than my local Aylesford property lawyer. What's the catch?
Builders normally have lists of conveyancers who are quick and who know the developer’s documentation and property lawyer. As many developers offer an incentive to choose a preferred lawyer for this reason, any increased charges can be avoided and a developer won't recommend a conveyancing factory and run the risk of having the transaction stall when they want exchange in 28 days. The argument for not opting for the suggested lawyer is that they may prove unwilling to 'push' your interests for fear of upsetting the sellers. If you worry that this may be the situation you should keep with your local Aylesford solicitor.