Do commercial conveyancing searches reveal impending roadworks that may impact a commercial site in Spitalfields?
Its becoming the norm that commercial conveyancing solicitors in Spitalfields will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Spitalfields. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Spitalfields.
For every commercial conveyancing transaction in Spitalfields it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Spitalfields commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Spitalfields.
It has been 2 months since my purchase conveyancing in Spitalfields completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
What does commercial conveyancing in Spitalfields cover?
Commercial conveyancing in Spitalfields incorporates a wide array of advice, given by regulated solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
My husband and I are FTB’s - agreed a price, but the estate agent informed us that the owners will only move forward if we use their recommended lawyers as they are insisting on a ‘quick sale’. We would rather use a local solicitor used to conveyancing in Spitalfields
We suspect that the seller is not behind this request. If they want ‘a quick sale', turning down a genuine purchaser is counter productive. Avoid the agents and go straight to the sellers and make sure they understand (a)you are serious purchasers (b)you are ready to go, with finances in place © you have nothing to sell (d) you intend to proceed fast (e)but you will continue to appoint your own,trusted Spitalfields conveyancing solicitors - rather thanthe ones that will earn their estate agent a kickback or achieve conveyancing targets pre-set by senior management.
What advice can you give us when it comes to choosing a Spitalfields conveyancing firm to carry out our lease extension conveyancing?
When appointing a conveyancer for your lease extension (regardless if they are a Spitalfields conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of work. We advise that you talk with two or three firms including non Spitalfields conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be helpful:
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If they are not ALEP accredited then why not? What volume of lease extensions have they carried out in Spitalfields in the last twenty four months?
My wife and I have hit a brick wall in trying to reach an agreement for a lease extension in Spitalfields. Can this matter be resolved via the Leasehold Valuation Tribunal?
if there is a absentee freeholder or where there is dispute about what the lease extension should cost, under the relevant legislation it is possible to make an application to the LVT to determine the premium.
An example of a Freehold Enfranchisement decision for a Spitalfields residence is 1-41 Royal Tower Lodge 40 Cartwright Street in April 2013. the tribunal adding the agreed value of capitalised ground rents and the reversion the price to be paid for the freehold was £1,187,000 This case related to 41 flats. The unexpired lease term was 107 years.
Are Spitalfields conveyancing solicitors under an obligation to the Law Society to supply clear conveyancing costs?
Inbuilt into the Solicitors Code of Conduct are set rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their fees to clients.The Law Society have practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not intended as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, nevertheless, constitute the Law Society’s view of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Spitalfields or or elsewhere in the country.