The owners have rather brash vendors who has recommended a preliminary agreement with a payment 10k. Is it wise to enter into such agreements?
There are a couple of main concerns with signing a lock out agreement (sometimes known as a no-shop agreement) is that it diverts attention away from progressing with the conveyancing transaction itself, so in the absence of it needing minimal or no negotiation then it could transpire to be a hindrance. It is not promoted amongst Oxshott conveyancing lawyers as a result. A supplemental issue is the extent of the remedies available - a jilted purchaser is very unlikely to be issued with an injunction to stop the vendor completing the sale to a third party, so the only remedy open via the contract will be the recovery of abortive costs and, in rare scenarios, the extra payment of penalties.
I have been told that property searches are the primary reason for delay in Oxshott house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances during the legal transfer of property. Local searches are not likely to be the root cause of holding up conveyancing in Oxshott.
I used Action Conveyancing several years ago for my conveyancing in Oxshott. I now require my file but the law firm is no longer operating. What do I do?
Do contact 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 Oxshott 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 does the Landlord & Tenant Act 1954 affect my commercial offices in Oxshott and how can you help?
The 1954 Act provides protection to business lessees, giving them the a statutory right to apply to court for a renewal lease and remain in occupation at the end of the lease term. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and help with commercial conveyancing in Oxshott
Is it best to use a Oxshott conveyancing practitioner in close proximity to the house I am purchasing? I have an old university friend who can carry out the conveyancing but her office is 400miles away.
The benefit of a local Oxshott conveyancing firm is that you can visit the firm to sign documents, present your identification documents and apply pressure on them if necessary. They will also have local knowledge which is a benefit. However nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and they were content that should surpass using an unfamiliar Oxshott conveyancing solicitor just because they are Oxshott based.
I own a leasehold house in Oxshott. Conveyancing and Lloyds TSB Bank mortgage organised. A letter has just been received from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1998. The conveyancing practitioner in Oxshott who acted for me is not around. Any advice?
First contact the Land Registry to make sure that this person is indeed the new freeholder. You do not need to incur the fees of a Oxshott conveyancing practitioner to do this as it can be done on-line for a few pound. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I am the proprietor of a ground-floor 1960’s flat in Oxshott. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the sum due for the purchase of the freehold?
Most definitely. We are happy to put you in touch with a Oxshott conveyancing firm who can help.
An example of a Lease Extension decision for a Oxshott property is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case related to 1 flat.