At what point can the exchange of contracts take place for domestic conveyancing in Portsmouth and do I need to attend the conveyancers office?

Where you are in close proximity to our conveyancing solicitors in Portsmouth you are welcome to attend to sign contracts. That being said, the lender approved solicitors we recommend provide a national conveyancing service and provide as equally detailed and professional a job for you when communicating with you by post or email. The signing of the sale agreement is not when everything is set in stone. A signed contract is necessary for the firm to address the formalities when the time is right, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Portsmouth)to be in the office at the appropriate time.

It has been three months since my purchase conveyancing in Portsmouth completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

What does commercial conveyancing in Portsmouth cover?

Portsmouth conveyancing for business premises covers a wide range of services, provided by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.

I wish to rent out my leasehold apartment in Portsmouth. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?

Even though your last Portsmouth conveyancing lawyer is not around you can review your lease to see if you are permitted to let out the premises. The accepted inference is that if the lease is silent, subletting is allowed. There may be a precondition that you must seek permission from your landlord or other appropriate person before subletting. This means that you cannot sublet without prior consent. Such consent is not allowed to be unreasonably withheld. If the lease prohibits you from letting out the property you will need to ask your landlord if they are willing to waive this restriction.

Portsmouth Leasehold Conveyancing - A selection of Queries before Purchasing

How much is the ground rent and service charge? The best form of lease arrangement is a share of the freehold. In this scenario the lessees have being in charge if their destiny and notwithstanding that a managing agent is often retained where the building is bigger than a house conversion, the managing agent is directed by the tenants. This information is useful as a) areas can result in problems for the block as the communal areas may begin to deteriorate if maintenance are not paid for b) if the leasehold owners have an issue with the managing agents you will need to have all the details

To what extent are Portsmouth conveyancing solicitors under an obligation to the Law Society to supply clear conveyancing costs?

Contained within the Solicitors Code of Conduct are prescriptive rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their charges to clients.The Law Society have practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not to be interpreted as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, nevertheless, represent the Law Society’s perspective of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Portsmouth or or elsewhere in the country.