The vendors of the house we are purchasing hired a conveyancing practitioner in Bethnal Green who has recommended a exclusivity agreement with a deposit 6,000. Is it wise to enter into such agreements?
There are two main drawbacks with entering into any lock out agreement (sometimes termed an exclusivity agreement) is that it diverts attention away from progressing with the conveyancing process, so in the absence of it needing limited or no negotiation then it could turn out to be a hindrance. It is not particularly popular amongst Bethnal Green conveyancing lawyers for this reason. A further issue is the extent of the remedies available - an aggrieved buyer should not expect to win an injunctive ruling by a court to prohibit the owner disposing of the property to an alternative purchaser, so the only remedy open via the contract will be the reimbursement of wasted costs and, in rare situations, the additional payment of penalties.
I am thinking of mortgaging my house in Bethnal Green, does my lawyer need to be on the RBS Conveyancing panel?
There is nothing to stop you using your solicitor, but RBS will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
How can the Landlord & Tenant Act 1954 impact my business premises in Bethnal Green and how can your lawyers assist?
The particular law that you refer to gives a safeguard to business tenants, giving them the right to make a request to court for a continuation of occupancy when the lease reaches an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act for protection and handle your commercial conveyancing in Bethnal Green
My brother has recommend that I use his conveyancing solicitors in Bethnal Green. Do I take his guidance?
Much as we are happy to recommend a Bethnal Green conveyancing lawyer the ideal way to select a conveyancing solicitor is to get feedback from friends or relatives who have actually used the conveyancer that you are considering.
My wife and I may need to rent out our Bethnal Green 1st floor flat for a while due to a career opportunity. We instructed a Bethnal Green conveyancing practice in 2004 but they have closed and we did not think at the time get any advice as to whether the lease permits subletting. How do we find out?
Notwithstanding that your last Bethnal Green conveyancing lawyer is no longer available you can review your lease to see if it allows you to sublet the property. The rule is that if the lease is non-specific, subletting is allowed. There may be a precondition that you must obtain consent from your landlord or some other party before subletting. The net result is that you cannot sublet without first obtaining permission. Such consent should not be unreasonably turned down. If the lease does not allow you to sublet you will need to ask your landlord for their consent.
I am the proprietor of a second floor flat in Bethnal Green. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the premium payable for the purchase of the freehold?
Where there is a missing freeholder or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to assess the price payable.
An example of a Lease Extension case for a Bethnal Green property is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case affected 2 flats. The unexpired lease term was 72.39 years.
What is the average conveyancing fee for conveyancing in Bethnal Green?
The average cost last year for conveyancing in Bethnal Green was £1,395 not including Stamp Duty and HMLR fees.