I own a freehold property in Sneyd Park yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Sneyd Park and has limited impact for conveyancing in Sneyd 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 generation of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
Is it necessary to pay for insurance to address the risk of chancel repairs when purchasing a residence in Sneyd Park?
Unless a previous purchase of the premises took place after 12 October 2013 you can take it that conveyancing practitioners delivering conveyancing in Sneyd Park to remain recommending a chancel search and or insurance against a claim.
How does conveyancing in Sneyd Park differ for newly converted properties?
Most buyers of new build property in Sneyd Park approach us having been asked by the builder to exchange contracts and commit to the purchase even before the property is completed. This is because builders in Sneyd Park typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Sneyd Park or who has acted in the same development.
I am looking for a ground for flat up to £195,000 and identified one near me in Sneyd Park I like with a park and transport links in the vicinity, the downside is that it only has 51 years unexpired on the lease. There is not much else in Sneyd Park in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a home loan the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you could 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 and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
In what way does the Landlord & Tenant Act 1954 impact my business premises in Sneyd Park and how can you help?
The particular law that you refer to gives security of tenure to business leaseholders, giving them the a statutory right to apply to court for a new lease and remain in occupation at the end of an expired lease. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and help with commercial conveyancing in Sneyd Park
I need to instruct a conveyancing solicitor in Sneyd Park for my house move. Is there any facility to see a solicitor's record with the profession’s regulator?
Anyone can review documented Solicitor Regulator Association (SRA) determinations resulting from investigations commenced on or after 1 January 2008. Visit Check a solicitor's record. For information Pre 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The SRA sometimes monitor call for training reasons.