I am the registered owner of a freehold premises in Connahs Quay yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Connahs Quay and has limited impact for conveyancing in Connahs Quay 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 many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
We are buying a property and the lawyer has raised the issue of Chancel Repair for which the property could be obligated to pay given it’s proximity to the area of such a church. He has recommended insurance. Is this really required for conveyancing in Connahs Quay
Unless a previous purchase of the property took place after 12 October 2013 you can take it that solicitors delivering conveyancing in Connahs Quay to continue to advocate a chancel search and or insurance against a claim.
It has been 2 months since my purchase conveyancing in Connahs Quay completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I was advised by a number of property agents in Connahs Quay to locate a solicitor using your seach tool. Is there a financial inducement for Estate Agents to market your site ahead of alternative conveyancing organisations?
We refuse to give any referral fee for pointing buyers and sellers our way. We found it would be just too difficult a fee because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
Last October I purchased a leasehold flat in Connahs Quay. Am I liable to pay service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Connahs Quay - Examples of Questions you should ask before Purchasing
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How many of the leaseholders are in arrears for their service charge payments? It is important to be aware if window replacement or some other major work is due shortly to be shared amongst the leasehold owners and could well materially impact the level of the service charges or require a specific invoice. What is the maintenance charge and ground rent on the property?
Why is New Build conveyancing in Connahs Quay more costly?
Conveyancing in Connahs Quay for newly converted or new build premises usually involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as further questions and contractual concerns.