I own a freehold premises in South Hackney but still invoiced for rent, why is this and what is this?
It is rare for properties in South Hackney and has limited impact for conveyancing in South Hackney 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 hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
I know that there are debates on Chancel Insurance on online forums. Do I need this when buying a residence in South Hackney? or Apparently there is historic law that means some house owners living in a parish church boundary will be compelled to contribute towards maintenance towards the chancel within the church. Is this applicable for conveyancing in South Hackney?
Unless a prior purchase of the property took place after 12 October 2013 you may assume that conveyancing practitioners handling conveyancing in South Hackney to continue to recommend a chancel search and or chancel repair liability policy.
4 months have elapsed following my purchase conveyancing in South Hackney concluded. I have checked the Land Registry website which shows that I paid £175,000 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 property 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.
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a quick, chain free conveyancing. South Hackney is where the house is located. Can you offer any opinion?
Flying freeholds in South Hackney are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside South Hackney you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in South Hackney 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 premises.
I've recently bought a leasehold flat in South Hackney. Am I liable to pay service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I have tried to negotiate informally with with my landlord for a lease extension without any joy. Can one apply to the Leasehold Valuation Tribunal? Can you recommend a South Hackney conveyancing firm to assist?
if there is a absentee landlord or where there is dispute about the premium for a lease extension, under the relevant legislation you can apply to the LVT to calculate the sum to be paid.
An example of a Freehold Enfranchisement case for a South Hackney property is 150 Amhurst Road in December 2013. The tribunal concluded that the premium to be paid by the applicant for the enfranchisement of the subject property was £43,500. This case was in relation to 4 flats. The unexpired term was 90 (or thereabouts).
How do I find the right lawyer for my conveyancing in South Hackney ?
Option 1 is to ask your friends and family who they would recommend. Option 2 is to use a search tool on the web for conveyancing in South Hackney. Phone a couple or more firms from the list and ask them to send you their conveyancing quote and speak to the lawyer who will handle your conveyancing before you commit. Third is to use our search tool to help you find the right lawyers taking into account your unique factors including location,speed, complexity and who your intended lender is.Resist the temptation to appoint £99 conveyancing solicitors in South Hackney