I purchased a freehold house in Kempston yet charged rent, why is this and what is this?
It’s unusual for properties in Kempston and has limited impact for conveyancing in Kempston 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 creation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
4 months have elapsed since my purchase conveyancing in Kempston completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
The estate agent has sent us the confirmation of our purchase of a new build flat in Kempston. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Kempston
Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I am a sole trader wishing to take over a lease of an office on the high street. Can you recommend lawyers offering no-sale-no fees for commercial conveyancing in Kempston for below 1500k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Kempston, including the sale and purchase of businesses as well as simply premises. Whether you are hoping to purchase or dispose of a shop, pub, restaurant, office, retail unit or a complete business we can put you in touch with the right lawyer. Regarding the costs this will depend on the structure and complexity of the deal. Please provide us with your details or phone us so that we may furnish you with comprehensive commercial conveyancing quote.
What are your top tips when it comes to appointing a Kempston conveyancing firm to carry out our lease extension conveyancing?
When appointing a solicitor for lease extension works (regardless if they are a Kempston conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We advise that you speak with several firms including non Kempston conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be helpful:
What are the charges for lease extension conveyancing?
Kempston Leasehold Conveyancing - Sample of Queries Prior to buying
What is the yearly maintenance fee and ground rent? What prohibitions exist in the Kempston Lease? How many years remain on the lease?
I am looking to acquire a repression house in Kempston and the vendor demand completion within a week. Can a property lawyer meet that timeframe? Would it be better to select a high street Kempston firm or an online company that advertises to offer speedy conveyancing?
Attend your Kempston shopping parade. Pop in to 3 firms and ask to talk to a conveyancing solicitor for an estimate. Discuss your situation and try and obtain a commitment on speed. Select the firm that seems most efficient. Make sure to use a conveyancer on the list of conveyancers who can act for your mortgage company.