I purchased a freehold house in Chesham but nevertheless pay rent, why is this and what is this?
It is rare for properties in Chesham and has limited impact for conveyancing in Chesham 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 date back many centuries, but the Rent Charge Act 1977 barred the generation of fresh 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 after 2037 is to be dispensed with completely.
I am downsizing from our property in Chesham and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. Any high street Chesham conveyancer would know this is not the case. For the life of me I don't know why the buyers instructed a nationwide conveyancing practice as opposed to a conveyancing solicitor in Chesham. We have lived in Chesham for three years we know that this is a non issue. Do we contact our local Authority to get confirmation that there is no issue.
It would appear that you have a conveyancing solicitor already. What do they say? You must 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 health insurance to cover that same illness)
I am buying a new build flat in Chesham. Conveyancing is daunting 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 legal work.
Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Chesham
Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision. 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. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
My business partner and I are looking to take over a lease of a shop on the high street. Can you recommend solicitors offering no-move-no costs for commercial conveyancing in Chesham for under £1,200?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Chesham, including the disposal and acquisition of businesses as well as simply property. Whether you are intending to buy or sell a shop, pub, restaurant, office, retail unit or a complete business we can find you the right solicitor. Regarding the charges this will depend on the structure and heads of terms of the deal. Let us have your contact information or email us so that we can provide you with a detailed commercial conveyancing quote.
Due to complete next month on a garden flat in Chesham. Conveyancing solicitors have said that they are sending me a report within the next couple of days. What should I be looking out for?
The report on title for your leasehold conveyancing in Chesham should include some of the following:
Will you be prohibited or prevented from having pets in the property? What you can do if another leaseholder in the building is in violation of a provision in their lease? Whether the lease restricts you from renting out the flat, or working from home Does the lease require carpeting throughout thus preventing wood flooring? Where does the liability rest for maintaining the window frames
I invested in buying a split level flat in Chesham, conveyancing formalities finalised in 2012. How much will my lease extension cost? Similar properties in Chesham with over 90 years remaining are worth £180,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease runs out on 21st October 2081
You have 59 years left to run we estimate the price of your lease extension to be between £20,900 and £24,200 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more comprehensive due diligence. Do 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 want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.