The owners have rather assertive sellers who has suggested a preliminary agreement with a deposit 10k. Are such agreements recommended for Colliers Wood conveyancing transactions?

Lock out contracts are agreements binding a home owner and prospective buyer granting the buyer the sole right to purchase the premises within an agreed time frame. For all intents and purposes, a lock out agreement is a contract stating that you will be issued with a contract at a later time being the main conveyancing contract. It tends to be utilised for buyer protection though in many situations, the seller may stand to benefit from such agreements as well. There are various pros and cons to using an agreement but you need to check with your conveyancer but beware that it may end up costing you extra in conveyancing charges. For these reasons these contracts are unusual in relation to conveyancing in Colliers Wood.

Is there a reason why leasehold purchase conveyancing in Colliers Wood is more expensive?

The conveyancing charges on a leasehold premises in Colliers Wood is inevitably more expensive as compared to a freehold acquisition or disposal. This is due to the additional investigations required in liaising with the freeholder and management company to collate the information concerning whether the rent and maintenance fee have been cleared and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the block.

What does commercial conveyancing in Colliers Wood cover?

Commercial conveyancing in Colliers Wood incorporates a broad array of advice, supplied by qualified solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, 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.

Am I better off to go with a Colliers Wood conveyancing lawyer who is local to the property I am hoping to buy? We have a good friend who can perform the conveyancing but they are based 300kilometers away.

The benefit of a local Colliers Wood conveyancing firm is that you can pop in to execute paperwork, hand in your identification documents and pester them where appropriate. Having local Colliers Wood know how is a plus. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and in the main were happy that must trump using an unfamiliar Colliers Wood conveyancing lawyer solely due to them being based in the area.

My wife and I are in the market for an affordable conveyancing solicitor in Colliers Wood to assist me in selling my place. I am aware of the risk of getting ripped off and there are plenty Colliers Wood conveyancing firms to pick from...how do I know which one is best to appoint?

If you have not instructed a solicitor before, a personal recommendation via family or friends is a great place to start and is often a good barometer of quality. As an alternative option, consult the Law Society’s regional directory of solicitors in Colliers Wood or make the most of our search facility to select a conveyancing solicitor in Colliers Wood.