Me and my partner are due to complete on the purchase of a property in Bolsover but as a result of wreckage from a small fire at the property I have managed to agree compensation from the vendor in the sum of £3k by way of a adjustment in the price. This was going to be dealt with as part of the conveyancing process however will not agree to this. Should they have been approached?

The being on a approved list is obliged to inform of any changes to the sale price. If you were to refuse your to report the price change to then they would have to discontinue acting for you. In addition, and you would have to appoint a new for your conveyancing in Bolsover.

I own a freehold premises in Bolsover but nevertheless pay rent, why is this and what is this?

It’s unusual for properties in Bolsover and has limited impact for conveyancing in Bolsover 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 many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.

Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.

I'm buying a new build house in Bolsover with a mortgage from . The developers would not budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent advised me not reveal to my solicitor about this deal as it will adversely affect my loan with the bank. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I am looking for a ground for flat up to £195,000 and found one near me in Bolsover I like with a park and transport links in the vicinity, the downside is that it only has 51 remaining years left on the lease. I can't really find anything else in Bolsover suitable, so just wondered if I would be making a grave error buying a short lease?

Should you need a mortgage the shortness of the lease will be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.

In what way does the Landlord & Tenant Act 1954 affect my commercial property in Bolsover and how can your lawyers assist?

The 1954 Act affords a safeguard to business lessees, granting the dueness to make a request to court for a renewal tenancy and remain in occupation when the lease comes to an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act for protection and handle your commercial conveyancing in Bolsover