I purchased a freehold premises in Mapperley yet charged rent, why is this and what is this?

It’s unusual for properties in Mapperley and has limited impact for conveyancing in Mapperley 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 many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.

Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.

Me and my partner are purchasing a flat in Mapperley. It might be a silly question but how we can trust a conveyancer? On the day of competition we have to put money into their account. What protection do we have from them run away with our monies?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

Have just purchased a repossessed house at auction in Mapperley. Conveyancing is required. What is next?

Now that you are for all intents and purposes signed on the dotted line you will need to hire the services of a conveyancing lawyer soon as you will have a tight deadline in which to complete the property. All auction property will have a bespoke legal pack. This will likely include evidence of title and search results. In the case of leasehold property the legal papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork pertinent to a leasehold property. You should hand this to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that your finances are in place to complete on the date specified in the contract.

is it true that all Mapperley conveyancing solicitors on the Co-operative conveyancing panel are overseen by the Solicitors Regulatory Authority?

As solicitors, in order to be on the Co-operative conveyancing panel they would need to be governed by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such organisation would be governed by the CLC.

Do commercial conveyancing searches disclose proposed roadworks that could affect a commercial site in Mapperley?

Its becoming the norm that commercial conveyancing solicitors in Mapperley will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Mapperley. 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 Mapperley.

For every commercial conveyancing transaction in Mapperley it is critical 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 Mapperley commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Mapperley.

In my capacity as executor for the estate of my grandfather I am disposing of a residence in Cardiff but reside in Mapperley. My conveyancer (based 250 miles from mehas requested that I sign a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing lawyer in Mapperley who can witness and place their company stamp on the document?

strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are located in Mapperley

What are your top tips when it comes to choosing a Mapperley conveyancing practice to deal with our lease extension?

When appointing a property lawyer for lease extension works (regardless if they are a Mapperley conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you talk with two or three firms including non Mapperley conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be helpful:

What volume of lease extensions has the firm conducted in Mapperley in the last 12 months?

I acquired a basement flat in Mapperley, conveyancing having been completed in 1999. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Mapperley with over 90 years remaining are worth £171,000. The average or mid-range amount of ground rent is £50 yearly. The lease ceases on 21st October 2103

With 79 years remaining on your lease we estimate the premium for your lease extension to span between £7,600 and £8,800 plus plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for extending a lease, but we are not able to supply the actual costs without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.