I own a freehold property in Camden Town but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Camden Town and has limited impact for conveyancing in Camden Town 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 date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of new 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 in 2037 is to be dispensed with completely.
We're in Camden Town, First time buyers buying with a mortgage (lender is Aldermore , and our solicitor is on the Aldermore conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Aldermore conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Should commercial conveyancing searches reveal proposed roadworks that may affect a commercial land in Camden Town?
Many commercial conveyancing solicitors in Camden Town will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Camden Town. The search result sets out definitive data 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 Camden Town.
For every commercial conveyancing transaction in Camden Town it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could result in delays to Camden Town commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Camden Town.
Me and my brother own a semi-detached Victorian house in Camden Town. Conveyancing practitioner acted for me and Nationwide Building Society. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold with the matching property. I'd like to know for sure, how can I find out??
You need to review 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Camden Town and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with the conveyancing practitioner who carried out the work.
Planning to exchange soon on a garden flat in Camden Town. Conveyancing solicitors assured me that they are sending me a report within the next couple of days. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Camden Town should include some of the following:
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What you can do if an adjoining owner is in violation of a provision in their lease? Repair and maintenance of the premises It needs to be made clear to you whether the lease permits you to add or upgrade aspects of the flat- you must know whether it applies to all alterations or just structural alteration, and whether permission is mandated necessary Advice as to the provision as set out in the lease to to contribute towards maintenance costs - with regard to both the building, and the wider rights a tenant has Whether your lease provides for a reserve fund for major works?
Having spent months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Camden Town. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a absentee freeholder or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to assess the sum to be paid.
An example of a Lease Extension decision for a Camden Town residence is Flat 120, Clare Court Judd Street in August 2013. the Tribunal held that the premium to be paid for the extension of the lease should be £64,650 This case affected 1 flat. The unexpired term as at the valuation date was 62.79 years.
Been looking for a property lawyer for freehold sale conveyancing in Camden Town. We are selling, simple no mortgage to redeem, no hurry, no onward chain. Received an estimate from a lawyer for £800 including VAT which is a tad steep considering its so straightforward. Can I pay less for conveyancing in Camden Town?
As it’s a sale only, £450 + VAT would be about the lowest for sale conveyancing in Camden Town.