I require conveyancing for an apartment in a fairly new development (five years built) in Crawcrook. The vast majority the flats are already disposed of. Do I need carry out the conveyancing searches as part of conveyancing in Crawcrook?
You would be putting yourself at risk in not carrying out Crawcrook conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal necessity to have them, but we would strongly advise in the strongest possible terms that you have them. Where accelerating the process and price are top of your issues you should consider with your solicitor about the options such as indemnity insurance available to you
I own a freehold property in Crawcrook but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Crawcrook and has limited impact for conveyancing in Crawcrook 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 hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
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.
Will our solicitor be raising enquiries concerning flooding as part of the conveyancing in Crawcrook.
The risk of flooding is if increasing concern for solicitors specialising in conveyancing in Crawcrook. There are those who acquire a house in Crawcrook, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or dispose of the property. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Conveyancers are not qualified to give advice on flood risk, but there are a numerous checks that may be initiated by the purchaser or by their conveyancers which will give them a better understanding of the risks in Crawcrook. The conventional set of information supplied to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) includes a standard question of the owner to determine if the property has ever been flooded. If flooding has previously occurred which is not revealed by the seller, then a buyer could bring a legal claim for losses as a result of such an misleading response. A purchaser’s lawyers may also conduct an environmental report. This will disclose if there is any known flood risk. If so, additional investigations should be carried out.
I purchased a semi-detached Edwardian house in Crawcrook. Conveyancing lawyer acted for me and Nottingham Building Society. I did a free Land Registry search last week and there are a couple of entries: the first freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Crawcrook and other locations in 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 purchasers. You can also check the position with the conveyancing lawyer who carried out the work.
How can the Landlord & Tenant Act 1954 impact my business premises in Crawcrook and how can you help?
The 1954 Act provides protection to business lessees, granting the a statutory right to apply to court for a continuation of occupancy at the end of the lease term. There are limited grounds where a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act for protection and help with commercial conveyancing in Crawcrook
I am hoping to exchange soon on a garden flat in Crawcrook. Conveyancing lawyers assured me that they report fully within the next couple of days. What should I be looking out for?
Your report on title for your leasehold conveyancing in Crawcrook should include some of the following:
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You should be advised what counts as a Nuisance as far as the lease is concerned Advice concerning the obligations as set out in the lease to to contribute towards maintenance costs - in respect of the block, and the wider rights a leaseholder enjoys specifics of the parties to the lease, e.g. these could be the tennant, head lessor, freeholder The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. What the implications are if you are in breach of your lease terms?
I bought a 1st floor flat in Crawcrook, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Corresponding flats in Crawcrook with a long lease are worth £191,000. The ground rent is £55 charged once a year. The lease expires on 21st October 2079
With just 54 years remaining on your lease we estimate the price of your lease extension to span between £31,400 and £36,200 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more detailed due diligence. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.