I purchased a freehold premises in Felinheli yet pay rent, why is this and what is this?
It’s unusual for properties in Felinheli and has limited impact for conveyancing in Felinheli 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 fresh rentcharges from 1977 onwards.
Old 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.
I need some fast conveyancing in Felinheli as I am under a deadline to exchange contracts in less than one month. A home loan is not required. Can I escape the need for conveyancing searches to save fees and time?
As you are are a cash purchaser you have the choice not to have searches conducted although no law firm would advise that you don't. With lots of history conveyancing in Felinheli the following are instances of issues that can show up and therefore impact the marketability of the property: Enforcement Actions, Outstanding Charges, Outstanding Grants, Unadopted Roads,...
I used Arc property Solicitors several years ago for my conveyancing in Felinheli. Now, I need the documents but the law firm is no longer operating. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Felinheli of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How do I identify a Felinheli solicitor on the Alliance & Leicester conveyancing panel? I have a car and am willing to travel upto 20miles to meet the lawyer.
Feel free to make use of the search on this website. Please select a lender and your location and you will see a number of Felinheli conveyancing lawyers located nearest you. We have listed some Felinheli conveyancing firms at the bottom of this page and you can telephone them to verify if they are on the Alliance & Leicester approved list
In my capacity as executor for the will of my uncle I am selling a house in Cardiff but live in Felinheli. My conveyancer (based 235 miles from merequires that I execute a stat dec ahead of completion. Could you suggest a conveyancing solicitor in Felinheli who can witness this legal document for me?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are based in Felinheli
Last March I purchased a leasehold flat in Felinheli. Do I have any liability for service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous lessee 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 Felinheli - A selection of Questions you should ask Prior to Purchasing
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The best form of lease arrangement is a share of the freehold. In this situation the leaseholders enjoy being in charge if their destiny and notwithstanding that a managing agent is frequently retained where the building is larger than a house conversion, the managing agent employed by the leaseholders. This information is useful as a) areas may cause problems for the building as the communal areas may begin to deteriorate if services are not paid for b) if the leaseholders have an issue with the managing agents you will need to have all the details Does the lease have onerous restrictions?