Should my lawyer be raising enquiries regarding flooding during the conveyancing in Eltham.
Flooding is a growing risk for lawyers dealing with homes in Eltham. Some people will acquire a property in Eltham, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Solicitors are not qualified to impart advice on flood risk, however there are a numerous checks that can be carried out by the purchaser or by their solicitors which will give them a better appreciation of the risks in Eltham. The standard information sent to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard inquiry of the seller to find out whether the premises has suffered from flooding. In the event that flooding has previously occurred which is not notified by the vendor, then a purchaser could bring a compensation claim as a result of such an inaccurate response. A buyer’s lawyers should also conduct an environmental report. This will higlight whether there is a recorded flood risk. If so, further investigations will need to be carried out.
Just had an offer accepted on a new build apartment in Eltham. Conveyancing is daunting 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 legal work.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Eltham
There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision.
How can the Landlord & Tenant Act 1954 impact my business offices in Eltham and how can you help?
The 1954 Act provides security of tenure to commercial leaseholders, granting the dueness to make a request to court for a continuation of occupancy at the end of an expired lease. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and help with commercial conveyancing in Eltham
I am using a search engine for the words cheap conveyancing in Eltham it brings up many conveyancerslocally. With so much choice what is the best way to find the suitable conveyancing solicitor for my move?
The best method of seeking a suitable conveyancer is through a trusted referral, so ask colleagues and relatives who have acquired a property in Eltham or the reputable estate agent or mortgage broker. Fees for conveyancing in Eltham differ, so it's a good idea to request a minimum of four fee calculations from different property lawyers. Make sure that you clarify what costs in the quote includes.
Being a leasehold owner I am liable for a service charge for my property in Eltham. Due to losing my job and personal issues I fell into arrears with remittance. The freeholders agreed a clearance plan but there is still about £2000 outstanding as of today.
I am under pressure to sell and I am panicking this can hold me back if I have to pay off the arrears now. Do I have to settle before - is this viable?
Do speak with the conveyancer handling your Eltham conveyancing but one option might be to arrange for the debt to be passed to the buyers. The sale price they pay would be adjusted to reflect the amount of debt they take on. They could then discharge the fees once they are the owners.