Do commercial conveyancing searches reveal impending roadworks that could impact a commercial site in Ottery St Mary?
Its becoming the norm that commercial conveyancing solicitors in Ottery St Mary will execute a SiteSolutions Highways report as it reduces the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in Ottery St Mary. The report provides definitive information 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 Ottery St Mary.
For each commercial conveyancing transaction in Ottery St Mary it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may result in delays to Ottery St Mary commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Ottery St Mary.
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Ottery St Mary is where the house is located. Can you shed any light on this issue?
Flying freeholds in Ottery St Mary are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ottery St Mary you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ottery St Mary may determine 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.
My business partner and I are wishing to lease a unit on the high street. Can you recommend solicitors offering fixed costs for non-domestic conveyancing in Ottery St Mary for under £2000?
We can recommend firms who host a wealth of experience of commercial conveyancing in Ottery St Mary, including the sale and acquisition of businesses as well as simply property. Whether you are looking to acquire or lease a shop, pub, restaurant, office, retail premises or a complete business we will put you in touch with the right firm. Regarding the costs this will depend on the structure and complexity of the deal. Let us have your details or email so as to enable us to furnish you with a fixed commercial conveyancing quote.
What are your top tips when it comes to finding a Ottery St Mary conveyancing firm to deal with our lease extension?
If you are instructing a property lawyer for lease extension works (regardless if they are a Ottery St Mary conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with several firms including non Ottery St Mary conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be useful:
Can they put you in touch with clients in Ottery St Mary who can give a testimonial?
I am the registered owner of a ground floor flat in Ottery St Mary, conveyancing was carried out in 2008. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Ottery St Mary with an extended lease are worth £190,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease terminates on 21st October 2085
With just 62 years remaining on your lease we estimate the premium for your lease extension to span between £17,100 and £19,800 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.
The conveyancers undertaking our conveyancing in Ottery St Mary has forwarded papers to review that state the property is unregistered with epitome documents. How can it be that the property not currently recorded at HMLR?
It is a rare occurrence indeed to find premises in Ottery St Mary not to be registered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Many Ottery St Mary conveyancing solicitors will be familiar with this type of conveyancing but where uncertainty reigns the prevailing recommendation nowadays is for the current owners to register the title first and subsequently deal with the transfer to the buyer - this will have a domino effect to cause a drawn-out conveyancing.