I am the registered owner of a freehold property in Enfield Lock yet charged rent, why is this and what is this?
It is rare for properties in Enfield Lock and has limited impact for conveyancing in Enfield Lock 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 establishment of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
I need some expedited conveyancing in Enfield Lock as I am under pressure to complete inside 4 weeks. Fortunately I do not need a mortgage. Can I avoid the conveyancing searches to save fees and time?
As you are not getting a home loan you are at liberty not to have searches carried out although no lawyer would recommend that you don't. With plenty of history conveyancing in Enfield Lock the following are examples of what can appear and adversely affect market value: Refused Planning Applications, Overdue Charges, Outstanding Grants, Road Schemes,...
Are there restrictive covenants that are commonly picked up during conveyancing in Enfield Lock?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Enfield Lock. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
My father-in-law has suggested that I use his lawyers for conveyancing in Enfield Lock. Do I follow his guidance?
Much as we are happy to recommend a Enfield Lock conveyancing lawyer the best way to choose a conveyancing solicitor is to have referrals from friends or family who have experience in using the solicitor that you are are thinking of instructing.
Completion is due on our sale of a £300,000 garden flat in Enfield Lock in just under a week. The freeholder has quoted £300 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Enfield Lock?
Enfield Lock conveyancing on leasehold apartments more often than not involves the purchaser’s lawyer sending enquiries for the landlord to answer. Although the landlord is not legally bound to answer these enquiries most will be content to assist. They may invoice a reasonable administration fee for answering questions or supplying documentation. There is no set fee. The average costs for the information that you are referring to is over three hundred pounds, in some situations it is in excess of £800. The management information fee levied by the landlord must be sent together with a summary of entitlements and obligations in relation to administration fees, without which the invoice is not strictly payable. In reality one has little option but to pay whatever is demanded should you wish to complete the sale of your home.
Following months of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Enfield Lock. Can we issue an application to the Residential Property Tribunal Service?
Most certainly. We are happy to put you in touch with a Enfield Lock conveyancing firm who can help.
An example of a Vesting Order and Purchase of freehold decision for a Enfield Lock residence is Ground Floor Flat 4A Baronet Road in February 2010. Following a vesting order by Edmonton County Court on 23rd December 2008 (case number 8ED064) the Tribunal decided that the price that the Applicant for the freehold interest should pay is £8,689.00 This case was in relation to 2 flats. The unexpired residue of the current lease was 80.01 years.
I have been informed by numerous family members that it can take six to eight weeks for Enfield Lock conveyancing to complete.This was four weeks ago. The property information was only sent from the vendors conveyancer last week so does the time start running now?
Do not rely on moving on a specific date until exchange of contracts takes place. Whatever assurances the people you are purchasing from or selling to make, or your mortgage broker makes don't count on them. More stress is caused to buyers and sellers by unfulfilled assurances than anything else.