Should commercial conveyancing searches disclose impending roadworks that may impact a commercial site in Plymstock?
Many commercial conveyancing solicitors in Plymstock will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Plymstock. The report sets out definitive information 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 Plymstock.
For each commercial conveyancing transaction in Plymstock it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can cause delays to Plymstock commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Plymstock.
Me and my brother have a terraced Georgian property in Plymstock. Conveyancing practitioner acted for me and Chelsea Building Society. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Plymstock and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with your conveyancing lawyer who conducted the conveyancing.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Plymstock is the location of the property. Can you offer any opinion?
Flying freeholds in Plymstock are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Plymstock you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Plymstock may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
What does commercial conveyancing in Plymstock cover?
Plymstock conveyancing for business premises covers a broad range of advice, given by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases 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 leases.
Am I best advised to choose a Plymstock conveyancing practitioner in close proximity to the house I am purchasing? I have an old university friend who can handle the legal formalities but his firm is located a couple of hundredkilometers drive away.
The benefit of a high street Plymstock conveyancing practice is that you can pop in to execute paperwork, hand in your identification documents and apply pressure on them where appropriate. They will also have local intelligence which is a benefit. However it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and the majority were impressed that should outweigh using an unfamiliar Plymstock conveyancing lawyer solely due to them being based in the area.
I am contemplating appointing an online solicitor as opposed to a Plymstock conveyancing firm. Should I ‘stay local’?
There are advantages of being able to visit a local Plymstock conveyancing solicitor for example
- signing papers and and when necessary
- having one on one explanations of matters that you need help with
- the ability to complain if matters need to addressed
When analysing fees, look carefully for hidden extras. Most decent Plymstock high street solicitors give an all-inclusive price. Often online agents appear to offer low cost fees, yet have hidden 'extras' in the fine print.