I am the registered owner of a freehold premises in Barnet yet invoiced for rent, why is this and what is this?
It is rare for properties in Barnet and has limited impact for conveyancing in Barnet 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 creation of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
The deeds to our home are lost. The solicitors who conducted the conveyancing in Barnet 5 years ago no longer exist. What are my next steps?
Gone are the days when you need to have the physical deeds to establish that you own the land or property, as the Land Registry hold details of all registered land or property electronically.
I am looking for a leasehold apartment up to £305k and found one round the corner in Barnet I like with amenity areas and station in the vicinity, however it's only got 51 years unexpired on the lease. There is not much else in Barnet in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
Taking into account that I am about to spend £400,000 on 3 bedroom house in Barnet I would like to talk to a solicitor concerning theconveyancing ahead of instructing the firm. Can this be arranged?
We could not agree more - we would be delighted to talk to you we do not take any clients on without you speaking to the solicitor who will be carrying out your property ownership legalities in Barnet.There is no ‘factory style conveyancing’ - each client is unique individual, not a case reference. The law firms that we put you in touch with believe that the figure you are provided with for your conveyancing in Barnet should be the figure that you end up paying.
Is it true that a Barnet conveyancing company has court proceedings brought against them by clients for failing to conduct comprehensive conveyancing investigations?
We are not aware of such a Barnet conveyancing matter but according to a recent report, a couple buying a property elsewhere in England successfully won a case against their conveyancing practitioner as a consequence of development plans to erect a wind farm failing to be identified in conveyancing searches.
If you are purchasing in Barnet It is essential that your solicitor carry out all Barnet conveyancing searches required making sure that you have accurate and up to date information before buying a property.