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Recently asked questions about conveyancing in Penge

It has been 2 months since my purchase conveyancing in Penge completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. 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 premises 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.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Penge. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Penge

    The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?

What does commercial conveyancing in Penge cover?

Non domestic conveyancing in Penge covers a wide range of guidance, provided by qualified solicitors, relating to business property. By way of example, this area 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 mortgages and the termination of tenancies.

Expecting to sign contracts shortly on a leasehold property in Penge. Conveyancing lawyers inform me that they will have a report out to me on Monday. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in Penge should include some of the following:

    Who has the liability for repairing the window frames How long the lease is. You should receive guidance as what happens when the lease expires, and aware of the importance of the 80 year mark You must be told what counts as a Nuisance as far as the lease is concerned You should have a good understanding of the insurance obligations Does the lease prevent you from renting out the flat, or having a home office for business
For details of the information to be included in your report on your leasehold property in Penge please enquire of your solicitor in ahead of your conveyancing in Penge.

Having spent months of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in Penge. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?

You certainly can. We can put you in touch with a Penge conveyancing firm who can help.

An example of a Lease Extension matter before the tribunal for a Penge flat is Flats 5, 9, 38 & 40 Blakewood Court Anerley Park in January 2012. the tribunal held that the premiums payable for the new lease sare: FLAT 5:- £7,130 FLAT 9:- £7,860 FLAT 38:- £15,867 FLAT 40: £14,834 This case related to 4 flats.

What can I do to discover who is the owner of a property in Penge?

As long as the premises is registered with HMLR, and you have requisite specifics of the address of the premises, you will be able to view results from the HMLR of the recorded owner for a fee.

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