I own a freehold property in Bushey yet charged rent, why is this and what is this?
It is rare for properties in Bushey and has limited impact for conveyancing in Bushey 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 generation of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
I note that there are debates on Chancel Insurance on online forums. Do I require this when purchasing a residence in Bushey? or I am told that there is a law dating back centuries that could mean that homeowners living in a parish church boundary will be compelled to contribute towards maintenance to the chancel within the church. Is this relevant for conveyancing in Bushey?
Unless a prior purchase of the property took place post 12 October 2013 you could assume that conveyancing practitioners conducting conveyancing in Bushey to remain recommending a chancel search and or insurance against a claim.
Are there restrictive covenants that are commonly identified as part of conveyancing in Bushey?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Bushey. 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…’
What makes your site different to alternative web based conveyancing solicitors when it comes to conveyancing in Bushey?
At this site receive an accurate costs illustration via a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Bushey. Unlike many estate agents and many comparison sites we do not have commission deals with solicitors. Many agents and online brokers 'recommend' the firm who pay the most per referral, as opposed to the best value conveyancing in Bushey
I need to retain a conveyancing solicitor for sale conveyancing in Bushey. I have land on a web site which appears to be the perfect answer If there is a chance to get all the legals done via phone that would be preferable. Should I be wary? 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?
I've recently bought a leasehold house in Bushey. Do I have any liability for service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element 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).
After years of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Bushey. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a absentee landlord or where there is disagreement about what the lease extension should cost, under the relevant statutes it is possible to make an application to the First-tier Tribunal (Property Chamber) to judgment on the premium.
An example of a Lease Extension matter before the tribunal for a Bushey flat is 197 Byron Road in March 2013. In relation to the value of the extended lease the tribunal concluded that the appropriate premium should be £19237 This case was in relation to 1 flat. The remaining number of years on the lease was 70.92 years.