I have given 8 weeks notice to my existing landlord and must be out of my let out property in Park Royal by the end of next month. Conveyancing for my house purchase is progressing. Can I complete in a couple of weeks as I wish to avoid having to move into short term accommodation?
The normal practice is not to serve notice on a rental until exchange of contracts has taken place. If you have not already done so, update to your conveyancer and ask them to they cajole the owners lawyers, try to get a realistic time scale from them that all parties will aim towards
My wife and I have recently appointed a conveyancing solicitor in Park Royal. I need to find out whether they are on the HSBC Bank approved list of lawyers. Could you help?
The first thing you should do is contact the conveyancer and ask them if they are on the lender panel. Otherwise please get in touch with HSBC Bank who may be able to help.
Just had an offer accepted on a new build apartment in Park Royal. 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 legal work.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Park Royal
-
Please confirm the Lease plans are surveyor prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision.
Hoping to buy a property located in Park Royal and I am already nervous. I couldn't find anything specific about Park Royal. Conveyancing will be needed in due course but do you know about the Park Royal area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Park Royal. In the meantime here are some basic statistics that we found
As co-executor for the estate of my grandfather I am disposing of a residence in Monmouth but reside in Park Royal. My conveyancer (approximately 200 miles awayrequires that I execute a statutory declaration ahead of completion. Could you suggest a conveyancing lawyer in Park Royal who can witness this legal document for me?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are based in Park Royal
Do you have any top tips for leasehold conveyancing in Park Royal with the intention of expediting the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Park Royal can be avoided where you appoint lawyers the minute your agents start advertising the property and ask them to collate the leasehold information needed by the purchasers’ conveyancers. Some Park Royal leases require Licence to Assign from the landlord. If this is the case, you should notify your estate agents to make sure that the purchasers put in hand financial (bank) and professional references. The bank reference will need to confirm that the buyers are financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their lawyers. If you have the benefit of shareholding in the Management Company, you should make sure that you have the original share certificate. Arranging a replacement share certificate can be a lengthy formality and frustrates many a Park Royal conveyancing deal. Where a duplicate share certificate is required, do contact the company director and secretary or managing agents (if applicable) for this as soon as possible. If you have had conflict with your landlord or managing agents it is very important that these are resolved prior to the flat being marketed. The buyers and their solicitors will be nervous about purchasing a property where there is an ongoing dispute. You may have to bite the bullet and pay any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the purchasers, but it is clearly preferable to present the dispute as historic rather than unsettled. You believe that you know the number of years left on your lease but you should verify this via your solicitors. A buyer’s lawyer will be unlikely to recommend their client to to exchange contracts if the lease term is under 80 years. In the circumstances it is essential at an as soon as possible that you consider whether the lease requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale.
I inherited a a ground floor purpose built flat in Park Royal. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the amount payable for a lease extension?
in cases where there is a missing landlord or if there is dispute about the premium for a lease extension, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to calculate the sum to be paid.
An example of a Lease Extension case for a Park Royal property is 99 Connell Crescent in May 2013. the Tribunal held that the relevant sum for the purposes of the lease extension should be £72,566 to be paid by the leaseholder This case related to 1 flat. The unexpired term as at the valuation date was 28.42 years.