I own a freehold residence in East Molesey but nevertheless pay rent, why is this and what is this?
It is rare for properties in East Molesey and has limited impact for conveyancing in East Molesey 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 many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
We are buying a detached bungalow in East Molesey. We would like to carry out an extension to the side at the house.Will legal work on the property involve checks to determine if these alterations are allowed?
Your solicitor should review the registered title as conveyancing in East Molesey will sometimes reveal restrictions in the title documents which prevent categories of changes or need the permission of a 3rd party. Many extensions call for local authority planning consent and approval in compliance with building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these issues with a surveyor ahead of any purchase.
I have been advised by my solicitor that lack of planning permission insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in East Molesey?
The right level of lack of planning permission indemnity insurance depends on who your lender is. It would differ for example between Birmingham Midshires and The Mortgage Works. Conveyancing lawyers as opposed to members of the public take out such insurances.
Is it the case that all East Molesey solicitor practices on the Clydesdale conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the Clydesdale conveyancing panel they would need to be governed by the SRA. The majority of banks do list licenced conveyancers on their panel and in such a situation the firms would be regulated by the Council of Licensed Conveyancers.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one close by in East Molesey I like with a park and railway links in the vicinity, however it only has 61 years unexpired on the lease. I can't really find anything else in East Molesey in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage that many years will likely be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
What does commercial conveyancing in East Molesey cover?
East Molesey conveyancing for business premises incorporates a broad range of guidance, provided by regulated solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I am using a search engine for the words on line conveyancing in East Molesey it brings up numerous property lawyersin the area. How do I determine which is the suitable conveyancer for me?
The best method of finding a suitable conveyancer is through a trusted recommendation, so enquire of colleagues and relatives who have purchased a property in East Molesey or a respected estate agent or financial adviser. Fees for conveyancing in East Molesey vary, so it's advisable to request a minimum of three fee calculations from different conveyancers. Be sure to seek confirmation that the costs are guaranteed not to escalate.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £425,000 apartment in East Molesey in just under a week. The freeholder has quoted £396 for Certificate of Compliance, building insurance schedule and previous years service charge statements. Is the landlord entitled to charge an administration fee for a flat conveyance in East Molesey?
For the majority of leasehold sales in East Molesey conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Addressing conveyancing due diligence questions
Where consent is required before sale in East Molesey
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Notwithstanding our best endeavours, we have been unsuccessful in trying to reach an agreement for a lease extension in East Molesey. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most certainly. We can put you in touch with a East Molesey conveyancing firm who can help.
An example of a Lease Extension decision for a East Molesey property is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case related to 1 flat.