Souldusing a Southend On Sea conveyancing practice make the home moving process easier?
Generally conveyancing lawyers in your location will enjoy excellent connections with your local authority, which can help with the Southend On Sea conveyancing searches that your conveyancer will require on your transaction. It can only be a plus if they enjoy existing rapport with the Local Land Registry Office your area Southend On Sea, other conveyancers in the neighbourhood and Southend On Sea Estate Agents.
I purchased a freehold residence in Southend On Sea yet invoiced for rent, why is this and what is this?
It is rare for properties in Southend On Sea and has limited impact for conveyancing in Southend On Sea 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 establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
Just had an offer accepted on a new build apartment in Southend On Sea. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Southend On Sea
The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please confirm the Lease plans are surveyor prepared. There must be mutual enforceability of lessee’s covenants.
I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. Southend On Sea is where the house is located. Can you shed any light on this issue?
Flying freeholds in Southend On Sea are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Southend On Sea you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Southend On Sea 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 work for a busy estate agent office in Southend On Sea where we have experienced a number of leasehold sales put at risk as a result of leases having less than 80 years remaining. I have been given inconsistent advice from local Southend On Sea conveyancing solicitors. Can you shed some light as to whether the vendor of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Southend On Sea Conveyancing for Leasehold Flats - A selection of Questions you should ask before buying
How many of the leaseholders are in arrears for their maintenance charge payments? For many Southend On Sea leaseholds the outlay for major works are not included within service charges, albeit that there some managing agents in Southend On Sea require tenants to contribute towards a reserve fund created for the specific intention of establishing a fund for major repairs or maintenance. Is anyone aware of any major works anticipated that will add a premium to the maintenance charges?
I need to find a mortgage company panel solicitor in Southend On Sea. Could you help me?
It is not clear why you need a Southend On Sea panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in Southend On Sea are on their panel . If you do find such a firm in Southend On Sea not listed please direct them to our site to list. After all the cost is only one £1 a month