I own a freehold premises in North Harrow but still charged rent, why is this and what is this?
It is rare for properties in North Harrow and has limited impact for conveyancing in North Harrow 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 new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
Due to the guidance of my in-laws I had a survey completed on a house in North Harrow in advance of instructing lawyers. I have been advised that there is a flying freehold element to the house. Our surveyor has said that some banks may refuse to give a loan on this type of premises.
It varies from the lender to lender. Bank of Scotland has different requirements from Birmingham Midshires. If you contact us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in North Harrow. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in North Harrow to see if the conveyancing will be more expensive.
How does the Landlord & Tenant Act 1954 impact my commercial property in North Harrow and how can you help?
The particular law that you refer to affords security of tenure to business lessees, granting the right to make a request to court for a continuation of occupancy at the end of an expired lease. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and help with commercial conveyancing in North Harrow
I am thinking of appointing a conveyancing lawyer in North Harrow for my home move. Is it possible to review a solicitor's complaints history with the profession’s regulator?
Members of the public may read published Solicitor Regulator Association (SRA) determinations stemming from inquisitions started on or after Jan 2008. Visit Check a solicitor's record. For details Pre 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The regulator may monitor call for training reasons.
I today plan to offer on a house that appears to tick a lot of boxes, at a reasonable price which is making it more attractive. I have since discovered that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in North Harrow. Conveyancing lawyers have not yet been instructed. Will they explain the issues?
Most houses in North Harrow are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can assist with the conveyancing process. it is apparent that you are buying in North Harrow so you should seriously consider shopping around for a North Harrow conveyancing solicitor and check that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a lessee you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example requiring the landlord’spermission to carry out changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the estate where the property is located on an estate. Your solicitor will appraise you on the various issues.
My wife and I have hit a brick wall in trying to purchase the freehold in North Harrow. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most certainly. We can put you in touch with a North Harrow conveyancing firm who can help.
An example of a Lease Extension decision for a North Harrow property is flat 93b Welldon Crescent in May 2009. The Tribunals valuation for a 90-year lease extension of this fat was £13,171 This case related to 1 flat. The remaining number of years on the lease was 75.25 years.
I purchased a property in North Harrow last 22/10/2018 and to date it is still not recorded with the Land Registry. It was part of a development site and my lawyer told me that it can take 12 months to register. I have spoken with the Land Registry directly and they say that the initial application was cancelled due to failure to reply to requisitions. Should I be concerned?
Contact your lawyer - Where you are unsatisfied with the responses, find out about their firm’s complaints procedure and escalate your concerns to a Partner. Registrations for North Harrow conveyancing are not known to be significantly delayed.