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

It’s unusual for properties in Colyton and has limited impact for conveyancing in Colyton 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 establishment 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 in 2037 will be extinguished.

The estate agent has sent us the confirmation of our purchase of a new build flat in Colyton. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Colyton

Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.

What does commercial conveyancing in Colyton cover?

Colyton conveyancing for business premises incorporates a wide range of guidance, offered by regulated solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases 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 leases.

Am I better off to go with a Colyton conveyancing lawyer in close proximity to the house I am purchasing? An old friend can execute the conveyancing but his firm is located 200kilometers away.

The benefit of a local Colyton conveyancing practice is that you can attend the office to execute paperwork, hand in your identification documents and apply pressure on them if necessary. They will also have local insight which is a benefit. However it's more important to get someone that will do a good and efficient job. If other friends have instructed your friend and in the main were impressed that must trump using an unknown Colyton conveyancing solicitor just because they are round the corner.

I am looking to buy a property and need a conveyancing solicitor in Colyton who is on the mortgage company solicitor panel. Can you recommend a Colyton or local firm?

Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the mortgage company who carry out conveyancing in Colyton. We dont recommend any particular solicitor.