The sellers of the property we are hoping to buy have appointed a conveyancing firm in Chatteris who has insisted on a preliminary agreement with a down payment of 5k. Are such arrangements appropriate for Chatteris conveyancing transactions?
This form of agreement is unusual in Chatteris, conveyancers are not keen on them as they detract from the primary focus, namely conveyancing and if you end up having your deposit forfeited then the solicitor at best left with an upset client and at worst a litigious one. Furthermore, there is no assurance that just because the seller has entered into an exclusivity contract they will sell to you. They may be in contravention of the agreement if they receive sufficient incentive to do so because an aggrieved claimant with the benefit of a exclusivitycontract will still be duty bound to show losses as a consequence of the breach and this may not compare to the financial benefit that your seller may secure by reneging on the agreement, no matter how morally unworthy it undoubtedly is.
Just bought a terraced house in Chatteris , What is the estimated time for the Land Registry to deal with the formalities evidencing my title? My Chatteris conveyancing solicitor has been very slow, so I want to check the land registry aspects are concluded.
There is nothing unique about conveyancing in Chatteris registration formalities. Rather than based on location, timeframes can adjust according to the party submitting the application, whether there are errors and if the Land registry must send notices to any interested parties. As of today roughly three quarters of such applications are fully dealt with in less than three weeks but some can be subject to longer hold-ups. Historically registration takes place once the new owner is living at the premises therefore 'speed' is not typically primary concern but where it is urgent that the the registration takes place urgently then you or your solicitor can speak with the land registry and explain the circumstances.
About to purchase a new build flat in Chatteris. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Chatteris
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
In what way does the Landlord & Tenant Act 1954 affect my business premises in Chatteris and how can your lawyers assist?
The particular law that you refer to provides protection to commercial lessees, granting the a statutory right to make a request to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act for protection and handle your commercial conveyancing in Chatteris
I need to instruct a conveyancing solicitor for remortgage conveyancing in Chatteris. I have chance upon a site which seems to have the perfect solution If it is possible to get all formalities completed via email that would be ideal. Do I need to 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 only have 72 years remaining on my lease in Chatteris. I now wish to get lease extension but my freeholder is can not be found. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. You will be obliged to prove that you or your lawyers have used your best endeavours to locate the lessor. For most situations a specialist should be helpful to try and locate and prepare an expert document which can be used as evidence that the freeholder can not be located. It is advisable to get professional help from a property lawyer both on proving the landlord’s absence and the vesting order request to the County Court overseeing Chatteris.
Chatteris Leasehold Conveyancing - A selection of Queries Prior to buying
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Best to be warned if redecorating or some other major work is due shortly that will be shared between the tenants and could well dramatically increase the the maintenance fees or necessitate a specific payment. It would be sensible to discover as much as you can concerning the managing agents as they can either make living at the property much simpler or problematic. As the owner of a leasehold property you are frequently at the mercy of the managing agents both financially and when it comes to daily matters like the cleanliness of the communal areas. Don't be shy to ask prospective neighbours if they are happy with their service. Finally, be sure you know the dates that you are obliged pay the maintenance charge to the appropriate party and specifically what you get for your money. On the whole the outlay for major works are not included within service charges, although a few managing agents in Chatteris ask leasehold owners to contribute towards a sinking fund and this is used to offset against major works.