I am the registered owner of a freehold house in Mersea Island yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Mersea Island and has limited impact for conveyancing in Mersea Island 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 date back many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
My partner and I are close to exchanging contracts on the sale of our home in Mersea Island and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. A local conveyancer would know this is not the case. It does beg the question why the purchasers are using a factory type conveyancing firm as opposed to a conveyancing solicitor in Mersea Island. Having lived in Mersea Island for 5 years we know of no issue. Should we get in touch with our local Authority to obtain clarification need.
It would appear that you have a conveyancing lawyer already. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
The estate agent has sent us the confirmation of our purchase of a new build flat in Mersea Island. 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 is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Mersea Island
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Forfeiture - bankruptcy or liquidation must not apply under this provision.
The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
I am selling my home. My past lawyers has retired. I am in need of a recommendation of a conveyancing firm. I happen to live in Mersea Island if that affects matters.
Please use our search tool to help you find a solicitor for your conveyancing in Mersea Island. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
Looking forward to exchange soon on a ground floor flat in Mersea Island. Conveyancing lawyers assured me that they will have a report out to me within the next couple of days. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Mersea Island should include some of the following:
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Rent payments - what is due and when is collected, and also know whether this is subject to change
Responsibility to repair and maintain the building. It is important for you to know who is duty bound to repair and maintenance of all parts of the block and communal areas
Repair and maintenance of the premises
The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided.
Advice as to the provision as set out in the lease to pay service charges - in relation to the building, and the wider rights a leaseholder has
I invested in buying a 1st floor flat in Mersea Island, conveyancing was carried out 1995. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Mersea Island with over 90 years remaining are worth £165,000. The ground rent is £45 levied per year. The lease runs out on 21st October 50
You have 50 years left to run we estimate the premium for your lease extension to span between £36,100 and £41,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.