Do commercial conveyancing searches reveal planned roadworks that may impact a commercial site in Clapton?
Its becoming the norm that commercial conveyancing solicitors in Clapton will carry out 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 Clapton. The report provides 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 Clapton.
For every commercial conveyancing transaction in Clapton it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to Clapton commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not ordered for residential conveyancing in Clapton.
Despite weeks of looking the Title Certificate and documents to my house are lost. The solicitors who handled the conveyancing in Clapton 5 years ago are no longer around. Will I be able to sell the house?
As long as the title is registered the details of your proprietorship will be evidenced by the Land Registry under a Title Number. It is easy to carry out a search at the Land Registry, locate your property and obtain up to date copies of the Registered Entries for a small fee. If the title is Leasehold then the Land Registry will in most cases hold a certified duplicate of the Registered Lease and again, a copy can be ordered for a small fee.
I have been on the look out for a leasehold apartment up to £195,000 and identified one round the corner in Clapton I like with open areas and station 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 Clapton for this price, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage that many years will be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
In what way can the Landlord & Tenant Act 1954 impact my commercial premises in Clapton and how can your lawyers assist?
The 1954 Act affords protection to commercial tenants, giving them the right to make a request to court for a renewal lease and remain in occupation when the lease comes to an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Clapton is one of our many areas of the UK in which our lawyers are based
Due to exchange soon on a garden flat in Clapton. Conveyancing solicitors inform me that they report fully within the next couple of days. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Clapton should include some of the following:
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Who has the liability to repair and maintain the building. It is essential that you know who is responsible the repair and maintenance of all parts of the block and communal areas Will you be prohibited or prevented from having pets in the property? Whether the lease restricts you from renting out the flat, or having a home office for business You should have a good understanding of the building insurance obligations The physical ownership of the property. This will be the flat itself but may include a roof space or storage are if applicable.
I own a garden flat in Clapton. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the amount due for a lease extension?
Where there is a absentee landlord or if there is dispute about the premium for a lease extension, under the relevant statutes it is possible to make an application to the LVT to determine the premium.
An example of a Freehold Enfranchisement case for a Clapton residence is 104 Nightingale Road in May 2009. The Tribunal's Decision is that the premium torbe paid for the enfranchisement in this case is £112,174 This case related to 10 flats. The number of years remaining on the existing lease(s) was 71.25 years.
Should I be worried if there is a problem with one of the searches for my conveyancing in Clapton?
Usually, almost all problems arising from Clapton conveyancing search responses can be handled prior to completion or title insurance can be put on cover. It is important to remember that although you intend on buying the premises and might be content to accept the search results, your lender may not, and ultimately they have the final say.