I am the registered owner of a freehold house in Batley but still invoiced for rent, why is this and what is this?
It is rare for properties in Batley and has limited impact for conveyancing in Batley 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 new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
I just bought a house at auction in Batley. Conveyancing is necessary. What is next?
Now that you are exchanged you will need to choose a conveyancing practitioner as a matter of priority as you are facing a tight a drop dead date to complete the transaction. All auction property should have an associated auction set of papers. This should include most,if not all of the paperwork that your lawyer will need. If you have purchased leasehold property the legal pack may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to a leasehold property. You should hand this to the lawyer working for you ASAP. Do make sure that your finances are in place to complete on the date specified in the contract.
We are getting the release of further funds on our home loan from Nottingham as we intend to carry out renovations to our home in Batley. Are we obliged to appoint a nearby Batley solicitor on the Nottingham conveyancing panel to deal with the paperwork?
Nottingham would not normally instruct a member of their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Nottingham panel.
We were going to get a DIP from Kent Reliance this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Kent Reliance recommend any Batley solicitors on the Kent Reliance conveyancing panel, or is it better to go independently?
You will need to appoint Batley solicitors independently although you'll need to choose one on the Kent Reliance conveyancing panel. The solicitor represents both you and Kent Reliance through the process.
I am a sole trader intending to take an assignment of a lease of an office on a shopping parade. Can you recommend solicitors offering competitive charges for commercial conveyancing in Batley for below £2000?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Batley, including the disposal and acquisition of businesses as well as simply premises. If you are intending to buy or dispose of a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right solicitor. Regarding the charges these will vary based on the structure and heads of terms of the proposed transaction. Please provide us with your contact information or phone us so that we may provide you with a detailed commercial conveyancing calculation.
I need to instruct a conveyancing solicitor for sale conveyancing in Batley. I happened to stumble upon a site which appears to be the perfect answer If it is possible to get all the legals completed via web that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Last December I purchased a leasehold property in Batley. Do I have any liability for service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Batley - Sample of Questions you should ask Prior to buying
-
Generally speaking the outlay for major works are not wrapped into the service charges, although a few managing agents in Batley require tenants to contribute towards a reserve fund created for the specific intention of establishing a fund for larger works. Are any of leasehold owners in dispute over their service charge payments?
Should I be concerned if there is a problem with the searches carried out as part of my conveyancing in Batley?
Normally, almost all problems revealed in Batley conveyancing search results can be dealt with in advance of completion or title insurance may be obtained. You need to note that even though you are acquiring the property and may be willing to accept the search results, your building society or bank may not, and when all said and done they have the word say.