I own a freehold premises in Harold Park yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Harold Park and has limited impact for conveyancing in Harold Park 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 post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
Just acquired a detached house in Harold Park , how long will it take for the Land Registry to deal with the formalities evidencing my ownership? My Harold Park conveyancing solicitor works at snail pace, so I want to be certain that my name is recorded.
As far as conveyancing in Harold Park registration is no faster or slower than the rest of the country. Rather than based on location, timeframes can differ subject to the party submitting the application, whether there are errors and if the Land registry communicate with any 3rd persons or bodies. At present roughly 80% of such applications are fully dealt with within 12 days but occasionally there can be protracted delays. Registration is effected once the purchaser is living at the property so an expedited registration is not usually an essential issue yet where it is urgent that the the registration takes place urgently then you or your lawyers can speak with the land registry and explain the circumstances.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Harold Park is the location of the property. Is there any advice you can give?
Flying freeholds in Harold Park are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Harold Park you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Harold Park may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Taking into account that I am about to part with £400,000 on a two bedroom apartment in Harold Park I wish to have a conversation with the solicitor about myconveyancing prior to instructing the firm. Is this something that you can arrange?
Absolutely - we would be delighted to talk to you we do not take any clients on without you first talking to the solicitor due to be carrying out your property ownership legalities in Harold Park.There is no ‘factory style conveyancing’ - every client is unique person, not a file number. The practices that we put you in touch with believe that the figure you are quoted for residential conveyancing in Harold Park should be the amount on the final invoice that you are charged.
Last November I purchased a leasehold property in Harold Park. Do I have any liability for service charges relating to a period prior to 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. A critical element of leasehold conveyancing for your conveyancer to ensure 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).
I am the leaseholder of a a ground floor purpose built flat in Harold Park. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the sum payable for the purchase of the freehold?
in cases where there is a missing landlord or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to determine the amount due.
An example of a Lease Extension matter before the tribunal for a Harold Park flat is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case affected 1 flat. The unexpired term as at the valuation date was 57.5 years.
I am due to consider estimates for conveyancing in Harold Park from numerous lawyer and choose one. Am I right to tell them to hold tight until I I have my bid accepted on a house.
You should only ask your solicitor to open a file and apply for searches once the offer has been agreed to on the property especially as Harold Park conveyancing searches are not cheap.