I am the registered owner of a freehold property in Earl Shilton yet pay rent, why is this and what is this?
It’s unusual for properties in Earl Shilton and has limited impact for conveyancing in Earl Shilton 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 establishment of new rentcharges post 1977.
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.
Do commercial conveyancing searches reveal planned roadworks that could impact a commercial estate in Earl Shilton?
Its becoming the norm that commercial conveyancing solicitors in Earl Shilton will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Earl Shilton. The report sets out definitive data 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 Earl Shilton.
For each commercial conveyancing transaction in Earl Shilton it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can result in delays to Earl Shilton commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not ordered for residential conveyancing in Earl Shilton.
I'm refinancing my current home to a BTL mortgage with Birmingham Midshires and intend to use the remaining equity as a deposit on another property. The neighborhood we are talking about is Earl Shilton. Will your solicitors be able to act for both sets of banks and tie in the two deals?
Do use our search tool on this page to be sure that the conveyancers are approved by both lenders. Having checked that they are the conveyancer should be able to simultaneously deal with the two transactions but you should talk with you solicitor and make apparent your desired outcome and requirements.
In my capacity as executor for the estate of my grandfather I am disposing of a property in Swansea but reside in Earl Shilton. My lawyer (who is 200 miles awayhas requested that I execute a statutory declaration before completion. Could you suggest a conveyancing lawyer in Earl Shilton to attest and place their company stamp on the document?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are Earl Shilton based
I only have Fifty years unexpired on my lease in Earl Shilton. I now wish to extend my lease but my landlord is can not be found. What options are available to me?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be extended by the magistrate. However, you will be required to demonstrate that you or your lawyers have made all reasonable attempts to locate the landlord. In some cases an enquiry agent should be helpful to try and locate and to produce an expert document to be accepted by the court as evidence that the landlord is indeed missing. It is advisable to get professional help from a solicitor both on proving the landlord’s absence and the application to the County Court overseeing Earl Shilton.
I acquired a leasehold flat in Earl Shilton, conveyancing was carried out 9 years ago. Can you work out an approximate cost of a lease extension? Corresponding flats in Earl Shilton with over 90 years remaining are worth £191,000. The average or mid-range amount of ground rent is £55 levied per year. The lease runs out on 21st October 2080
With only 54 years left to run the likely cost is going to span between £31,400 and £36,200 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.
To what extent are Earl Shilton conveyancing solicitors under an obligation to the Law Society to publish clear conveyancing costs?
Contained within the Solicitors Code of Conduct are prescriptive rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their charges to clients.The Law Society have practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not to be interpreted as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, nevertheless, constitute the Law Society’s perspective of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Earl Shilton or or elsewhere in the country.