I am the registered owner of a freehold premises in Summertown yet charged rent, why is this and what is this?
It is rare for properties in Summertown and has limited impact for conveyancing in Summertown 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 establishment of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
Can you clarify what the consequences are if my lawyer’s firm is expelled from the Nottingham Solicitor panel ahead of completing my conveyancing in Summertown?
First, this is a very rare occurrence. 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.
I used Wolstenholmes a few years ago for my conveyancing in Summertown. Now, I need my documents but the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down 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 Summertown 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.
In what way does the Landlord & Tenant Act 1954 affect my business premises in Summertown and how can you help?
The 1954 Act provides security of tenure to business lessees, granting the dueness to make a request to court for a renewal lease and remain in occupation when the lease comes to an end. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Summertown is one of the hundreds of locations in which our lawyers have offices
I am hoping to complete next month on a leasehold property in Summertown. Conveyancing solicitors assured me that they are sending me a report within the next couple of days. What should I be looking out for?
Your report on title for your leasehold conveyancing in Summertown should include some of the following:
-
You must be informed what counts as a Nuisance as far as the lease is concerned What you can do if an adjoining owner is in violation of a provision in their lease? Will you be prohibited or prevented from having pets in the property? Defining your rights in relation to the communal areas in the building.By way of example, does the lease grant a right of way over an accessway or hallways?
Summertown Leasehold Conveyancing - Sample of Questions you should consider Prior to Purchasing
-
Plenty Summertown leasehold flats will be liable to pay a service bill for maintenance of the building invoiced on behalf of the landlord. Where you purchase the property you will have to pay this charge, normally in instalments during the year. This may be anything from two or three hundred pounds to thousands of pounds for blocks with lifts and large communal grounds. There will also be a ground rent for you to pay annual, ordinarily this is not a large figure, say around £25-£75 but you should to enquire as sometimes it can be many hundreds of pounds. How much is the ground rent and service charge? The best form of lease arrangement is a share of the freehold. In this scenario the tenants have being in charge if their destiny and notwithstanding that a managing agent is frequently retained where the building is bigger than a house conversion, the managing agent employed by the leaseholders.
I am purchasing a maisonette and cash is in place. My solicitor has been handed with two distinct proof of photo identification, bank statement, multiple utility bills. Now he requires a copy from a probate lawyer advising that the money is in order and that it has come from inheritance and not selling fake DVD.
In today’s world you will not be able to complete any Summertown conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Proof of your source of funds is required under Money Laundering laws.