I am the registered owner of a freehold residence in Broadstairs but still invoiced for rent, why is this and what is this?

It’s unusual for properties in Broadstairs and has limited impact for conveyancing in Broadstairs 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 creation of fresh rentcharges post 1977.

Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.

four months have gone by since my purchase conveyancing in Broadstairs concluded. I have checked the Land Registry website which shows that I paid £200,000 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 residence 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.

Just had an offer accepted on a new build flat in Broadstairs. 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 few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Broadstairs

Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? There must be mutual enforceability of lessee’s covenants.

My father has suggested that I instruct his conveyancing solicitors in Broadstairs. Should I find my own solicitor?

Much as we are happy to recommend a Broadstairs conveyancing lawyer it’s preferable to choose a conveyancing solicitor is to get recommendations from friends or family who have previously instructed the solicitor that you are considering.

I am hoping to complete next month on a basement flat in Broadstairs. Conveyancing lawyers have said that they report fully on Monday. Are there areas in the report that I should be focusing on?

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

How long the lease is. You should be advised as what happens when the lease ends, and aware of the importance of the 80 year mark Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? Where does the liability rest to repair and maintain the building. It is essential for you to know who is liable for the repair and maintenance of all parts of the block and estate You should know whether the lease permits you to change or upgrade anything in the premises- you should be made aware as to whether it relates to all alterations or limited to structural alteration, and whether permission is mandated necessary The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided.

I purchased a 1st floor flat in Broadstairs, conveyancing was carried out November 2008. Can you work out an approximate cost of a lease extension? Equivalent properties in Broadstairs with an extended lease are worth £190,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease finishes on 21st October 2086

With just 61 years remaining on your lease we estimate the price of your lease extension to be between £19,000 and £22,000 plus professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.