I own a freehold property in Shipston on Stour but still invoiced for rent, why is this and what is this?

It is rare for properties in Shipston on Stour and has limited impact for conveyancing in Shipston on Stour 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.

Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.

We hope to to buy with Earl Shilton BS. We have called around locally yet cant to find a Shipston on Stour conveyancing firm on the Earl Shilton BS approved list. Please you help?

Feel free to take advantage of the find a conveyancing panel solicitor tool on this site. Please choose the mortgage company and type Shipston on Stour or your preferred area and you will be presented with a number of lawyer located in Shipston on Stour or nearest you.

Are there restrictive covenants that are commonly identified during conveyancing in Shipston on Stour?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Shipston on Stour. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

Am I better off to instruct a Shipston on Stour conveyancing lawyer in close proximity to the house I am purchasing? We have a good friend who can perform the legal formalities however his firm is located over three hundred miles drive away.

The primary upside of using a local Shipston on Stour conveyancing practice is that you can visit the firm to sign paperwork, present your ID and apply pressure on them where appropriate. They will also have local insight which is a benefit. That being said it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and the majority were content that should surpass using an unknown Shipston on Stour conveyancing solicitor just because they are local.

Frank (my husband) and I may need to rent out our Shipston on Stour basement flat temporarily due to a career opportunity. We used a Shipston on Stour conveyancing firm in 2004 but they have closed and we did not think at the time get any guidance as to whether the lease prohibits the subletting of the flat. How do we find out?

A lease governs relations between the landlord and you the leaseholder; specifically, it will say if subletting is not allowed, or permitted but only subject to certain caveats. The rule is that if the lease contains no specific ban or restriction, subletting is permitted. Most leases in Shipston on Stour do not prevent an absolute prevention of subletting – such a provision would adversely affect the market value the property. In most cases there is a basic requirement that the owner notifies the freeholder, possibly supplying a copy of the tenancy agreement.

Leasehold Conveyancing in Shipston on Stour - Sample of Questions you should consider before Purchasing

The prefered form of lease arrangement is a share of the freehold. In this situation the lessees enjoy control and although a managing agent is usually retained where it is bigger than a house conversion, the managing agent is directed by the tenants. Who manages the building? It would be sensible to discover as much as you can about the company managing the building as they will either make your life much easier or uncomfortable. Being a leasehold owner you are often at the mercy of the managing agents from a financial perspective and when it comes to daily issues like the tidiness of the communal areas. Ask other people what they think of their service. Finally, be sure you know the dates that you are obliged pay the maintenance charge to the managing agents and precisely what it includes.