We have rather assertive sellers who has insisted on a lock out agreement with a down payment 10k. Are such agreements sensible?
This type of preliminary agreement is unusual in Fitzrovia, conveyancers are not keen on them as they divert attention from the main conveyancing focus and if you end up having your deposit forfeited then the solicitor at best left with an upset client and at worst a litigious one. Secondly, there is no assurance that just because the proprietor has executed an exclusivity agreement they will sell to you. They may breach the contract if they are offered sufficient offer to do so because a wronged purchaser with the benefit of a exclusivity agreement will still be duty bound to show losses as a consequence of the breach and these may not equalise the extra amount that the owner may obtain by breaching the agreement, no matter how morally unworthy that may be.
Our bank has recommended solicitors on their panel based in Fitzrovia but I would rather use a conveyancing lawyer in Fitzrovia or nearer to where I live. Can you help?
The minority of Fitzrovia conveyancing firms are approved and listed on all banks conveyancing panel. Use the above find an approved solicitor tool to identify a Fitzrovia conveyancing solicitor on the on the bank panel.
Will commercial conveyancing searches disclose impending roadworks that could impact a commercial estate in Fitzrovia?
Many commercial conveyancing solicitors in Fitzrovia will perform a SiteSolutions Highways report as it reduces the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Fitzrovia. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Fitzrovia.
For every commercial conveyancing transaction in Fitzrovia it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can result in delays to Fitzrovia commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Fitzrovia.
The estate agent has sent us the confirmation of our purchase of a new build flat in Fitzrovia. 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 conveyancing.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Fitzrovia
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what was supposed to be a simple, no chain conveyancing. Fitzrovia is where the house is located. What do you suggest?
Flying freeholds in Fitzrovia are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Fitzrovia you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fitzrovia may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.