The owners have rather brash vendors who has insisted on a exclusivity agreement with a non-refundable deposit two thousand pounds. Is it wise to enter into such agreements?
There are a couple of main drawbacks with signing a lock out contract (occasionally known as a no-shop agreement) is that it can distract from moving forward with the conveyancing work, so in the absence of it needing limited or no negotiation then it could turn out to be a hindrance. It is not strongly advocated by Woore conveyancing lawyers as a result. The other main issue is the extent of the remedies available - a jilted buyer should not expect to secure an injunctive ruling by a court to stop the vendor disposing of the property to another buyer, so the only remedy open via the contract will be the recovery of wasted charges and, in restricted circumstances, the additional payment of damages.
My partner and I are close to exchanging contracts on the sale of our property in Woore and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. A high street Woore conveyancer would know this is not the case. For the life of me I don't know why the buyers used a web based conveyancing firm rather than a conveyancing solicitor in Woore. Having lived in Woore for 5 years we know of no issue. Do we get in touch with our local Authority to obtain confirmation need.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
three months have elapsed since my purchase conveyancing in Woore concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. 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 property 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.
I am looking for a flat up to £245,000 and identified one near me in Woore I like with a park and transport links nearby, however it only has 61 years on the lease. I can't really find anything else in Woore in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a mortgage that many years will likely be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you could ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
My business partner and I are hoping to take an assignment of a lease of a shop on a shopping parade. Can you recommend conveyancers offering no-sale-no fees for non-domestic conveyancing in Woore for less than £2000?
We can recommend firms who host a wealth of experience of commercial conveyancing in Woore, including the sale and purchase of businesses as well as simply premises. If you are hoping to buy or dispose of a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right solicitor. Regarding the fees these will vary based on the structure and terms of the proposed transaction. Please provide us with your details or email so as to enable us to supply you with a detailed commercial conveyancing quote.
Looking forward to sign contracts shortly on a leasehold property in Woore. Conveyancing solicitors inform me that they will have a report out to me next week. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Woore should include some of the following:
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Repair and maintenance of the property Setting out your legal entitlements in relation to common areas in the building.By way of example, does the lease provide for a right of way over an accessway or staircase? specifics of the parties to the lease, for instance these could be the leaseholder, head lessor, freeholder Changes to the flat What options are open to you if an adjoining owner is in violation of a provision in their lease?
Woore Leasehold Conveyancing - Examples of Queries Prior to Purchasing
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The answer will be helpful as a) areas can result in problems in the building as the communal areas may start to deteriorate where services remain unpaid b) if the leasehold owners have a dispute with the running of the building you will wish to have all the details How many years remain on the lease? What is the name of the managing agents?