I purchased a freehold house in Lees and Moorside but still pay rent, why is this and what is this?
It is rare for properties in Lees and Moorside and has limited impact for conveyancing in Lees and Moorside 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 date back many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
Can you clarify what the consequences are if my solicitor is removed from the Skipton Conveyancing panel ahead of completing my conveyancing in Lees and Moorside?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
The deeds to my property can not be found. The solicitors who did the conveyancing in Lees and Moorside 5 years ago no longer exist. What are my next steps?
As long as you have a registered title the details of your proprietorship will be held by the Land Registry with a Title Number. It is easy to perform a search at the Land Registry, identify your property and order current copies of the property title for less than a fiver. Where the property is Leasehold then the Land Registry will in most cases hold a certified copy of the Registered Lease and again, a copy can be retrieved for £20 inclusive of VAT.
I have been on the look out for a ground for flat up to £195,000 and found one close by in Lees and Moorside I like with open areas and transport links nearby, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Lees and Moorside for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term may be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
My business partner and I are looking to take an assignment of a lease of a shop on a shopping parade. Can you recommend solicitors offering competitive costs for commercial conveyancing in Lees and Moorside for below 2k?
We can recommend firms who have specialist knowledge of commercial conveyancing in Lees and Moorside, including the sale and acquisition of businesses as well as simply property. Whether you are intending to purchase or lease a shop, pub, restaurant, office, retail unit or a complete business we will find you the right solicitor. Regarding the fees this will depend on the structure and terms of the deal. Let us have your contact information or phone so as to enable us to supply you with a detailed commercial conveyancing calculation.
Is it best to use a Lees and Moorside conveyancing practitioner in close proximity to the house I am hoping to buy? An old friend can deal with the legal work but her office is 300miles drive away.
The primary upside of using a local Lees and Moorside conveyancing practice is that you can pop in to sign documents, hand in your identification documents and pester them if necessary. They will also have local intelligence which is a benefit. That being said it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and in the main were happy that must outweigh using an unfamiliar Lees and Moorside conveyancing solicitor just because they are based in the area.