I purchased a freehold property in Barons Court but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Barons Court and has limited impact for conveyancing in Barons Court 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 many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
We are selling our property in Barons Court and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. A high street Barons Court lawyer would know that there is no such problem. It does beg the question why the buyers are using a factory type conveyancing outfit as opposed to a conveyancing solicitor in Barons Court. Having lived in Barons Court for many years we know of no issue. Do we get in touch with our local Authority to get confirmation that the buyers are looking for.
It would appear that you have a conveyancing lawyer already. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I purchased my home on 13 June and my personal details is not yet on the land registry website. Need I be worried? My conveyancing solicitor in Barons Court advises it will be formalised inside ten days. Are transfers in Barons Court uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Barons Court registration formalities. Rather than based on location, timescales can adjust subject to who lodges the application, whether it is in order and whether the Land registry communicate with any interested parties. Currently approximately 80% of submission are fully dealt with in less than three weeks but occasionally there can be longer delays. Historically registration takes place once the buyer has moved in to the property therefore 'speed' is not always top priority yet if there is a degree of urgency associated with the registration then you or your solicitor could communicate with the Registry to express the reasoning for an expedited registration.
How does conveyancing in Barons Court differ for new build properties?
Most buyers of new build or newly converted property in Barons Court approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is constructed. This is because builders in Barons Court typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Barons Court or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £195,000 and identified one round the corner in Barons Court I like with amenity areas and transport links in the vicinity, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in Barons Court in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a mortgage that many years will likely be problematic. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
Planning to complete next month on a studio apartment in Barons Court. Conveyancing lawyers have said that they will have a report out to me next week. What should I be looking out for?
Your report on title for your leasehold conveyancing in Barons Court should include some of the following:
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Rent payments - how much and when you need to pay, and also know whether this is subject to change You must be advised what is to be regarded as a Nuisance in the lease Additions to the flat specifics of the parties to the lease, for example these could be the lessee, superior lessor, landlord
I have tried to negotiate informally with with my landlord for a lease extension without getting anywhere. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Barons Court conveyancing firm to help?
Most definitely. We can put you in touch with a Barons Court conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Barons Court premises is 19 Crisp Road in June 2009. Following a vesting order (Under section 26 of the Leasehold Reform,Housing and Urban Development Act 1993) The tribunal determined that the premium payable for the acquisition of the freehold was £33,756,apportioned as to£12,285 for the lower at and £21,471for the upper fat. This case was in relation to 2 flats. The unexpired term was 68.32 years.