I own a freehold premises in Gillingham but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Gillingham and has limited impact for conveyancing in Gillingham 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 many centuries, but the Rent Charge Act 1977 barred the establishment of new 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 after 2037 is to be extinguished.
About to purchase a new build apartment in Gillingham. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Gillingham
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Over the last few months I have been searching for a ground for flat up to £245,000 and identified one close by in Gillingham I like with open areas and station nearby, however it only has 61 remaining years left on the lease. There is not much else in Gillingham suitable, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a mortgage the remaining unexpired lease term may be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
I'm converting the mortgage on my existing property to a buy to let loan with Barnsley Building Society and I will use the ballance of the raised equity towards further house. The neighborhood we are interested in is Gillingham. Will your conveyancers be able to act for both sets of banks and tie in the conveyances?
Do use our search tool on this site to check that the conveyancers are on the relevant lender panels. On the basis that they are your lawyer will be able to simultaneously deal with the two deals but you should talk with you solicitor and make apparent your desired outcome and needs.
My husband and I are first time buyers - had an offer accepted, but the property agent informed us that the owners will only issue a contract if we appoint the agent's recommended solicitors as they need a ‘quick sale’. My instinct tells me that we should use a high street solicitor accustomed to conveyancing in Gillingham
We suspect that the seller is not behind this demand. Should the seller require ‘a quick sale', taking such a hostile approach to a genuine purchaser is counter productive. Contact the owners directly and explain that (a)you are keen to buy (b)you are ready to go, with finances in place © you do not need to sell (d) you wish to move quickly (e)however you intend to appoint your preferred Gillingham conveyancing solicitors - as opposed tothose that will give the estate agent a commission or hit his conveyancing targets set by corporate headquarters.
There are a lot of houses in Gillingham on unadopted roads. My partner and I are purchasing such a house. What are the pros and cons of buying a property on a privately owned road?
Gillingham conveyancing solicitors will be used to conveyancing houseson private. Your property lawyer should investigate Land Registry data to find any rights or responsibilities. In many cases there is a management company (wholly owned by residents) that proprietors pay into to maintain the road. Where one exists, the road will likely be maintained and look better than publicly maintained.