I purchased a freehold residence in Tickton but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Tickton and has limited impact for conveyancing in Tickton 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 fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
I have been on the look out for a flat up to £235,500 and found one near me in Tickton I like with amenity areas and station in the vicinity, however it's only got 49 years unexpired on the lease. I can't really find anything else in Tickton in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a home loan that many years may be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
What does commercial conveyancing in Tickton cover?
Non domestic conveyancing in Tickton covers a wide array of guidance, given by regulated solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I need to retain a conveyancing solicitor for residential conveyancing in Tickton. I have discover a web site which seems to have the ideal answer If it is possible to get all formalities completed via phone that would be ideal. Should I be concerned? What are the potential pitfalls?
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?
Back In 2002, I bought a leasehold flat in Tickton. Conveyancing and Barnsley Building Society mortgage organised. A letter has just been received from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1991. The conveyancing practitioner in Tickton who acted for me is not around. Any advice?
First contact the Land Registry to make sure that the individual claiming to own the freehold is indeed the new freeholder. There is no need to instruct a Tickton conveyancing lawyer to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I own a split level flat in Tickton, conveyancing formalities finalised August 2010. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Tickton with an extended lease are worth £186,000. The ground rent is £55 yearly. The lease terminates on 21st October 2077
With only 52 years remaining on your lease we estimate the price of your lease extension to be between £29,500 and £34,000 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.
What is the best way of identifying a cost effective conveyancing in Tickton?
First ask your friends and family who they would recommend. Second, look on the web for conveyancing in Tickton. Phone a couple or more firms from the list and request that they send you their conveyancing charges and speak to the lawyer who will conduct your conveyancing before you make your choice. Third is to make use of this site to help you find the right solicitors for you based on your unique requirements including location,speed, complexity and who your intended mortgage company is.Avoid the trap of appointing £99 conveyancing solicitors in Tickton