I am the registered owner of a freehold house in Long Melford but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Long Melford and has limited impact for conveyancing in Long Melford 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 creation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
My wife and I are downsizing from our house in Long Melford and according to the buyers it appears that there is a possibility that the property was built on contaminated land. Any high street Long Melford lawyer would know this is not the case. For the life of me I don't know why the purchasers used a web based conveyancing firm rather than a conveyancing solicitor in Long Melford. We have lived in Long Melford for many years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
The estate agent has sent us the confirmation of our purchase of a new build apartment in Long Melford. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Long Melford
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
Hoping to buy a property located in Long Melford and I am already nervous. I couldn't find anything specific about Long Melford. Conveyancing will be needed in due course but do you know about the Long Melford area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Long Melford. In the meantime here are some basic statistics that we found
I need to retain a conveyancing solicitor for some conveyancing in Long Melford. I happened to land on a web site which seems to have the perfect solution If there is a chance to get all this stuff done via phone that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I've found a house that appears to tick a lot of boxes, at a reasonable figure which is making it all the more appealing. I have just found out that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns purchasing a leasehold house in Long Melford. Conveyancing advisers have are about to be appointed. Will they explain the issues?
Most houses in Long Melford are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are purchasing in Long Melford so you should seriously consider shopping around for a Long Melford conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a lessee you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as obtaining the freeholder’spermission to conduct changes to the property. It may be necessary to pay a contribution towards the maintenance of the communal areas where the property is part of an estate. Your conveyancer will advise you fully on all the issues.
Long Melford Conveyancing for Leasehold Flats - Sample of Queries before buying
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It is important to be aware if changing the roof or some other significant cost is coming up that will be shared between the tenants and will materially increase the the service fees or result in a specific invoice. Are any of leasehold owners in dispute over their service charge liability? Does the lease include onerous restrictions?