I am the registered owner of a freehold premises in Amesbury but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Amesbury and has limited impact for conveyancing in Amesbury 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 hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
Is it necessary to take out insurance to cover chancel repairs when acquiring a property in Amesbury?
Unless a prior acquisition of the premises took place after 12 October 2013 you may expect solicitors delivering conveyancing in Amesbury to continue to propose a a chancel search and or chancel repair liability policy.
I have todaydiscovered that Action Conveyancing have been shut down. They carried out my conveyancing in Amesbury for a purchase of a freehold house 10 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The quickest way to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Amesbury conveyancing specialists.
I was pointed in your direction by two or three local selling agents in Amesbury to find a property lawyer on your site. What’s the financial advantage for Estate Agents to promote your lawyers ahead of a competitor’s?
We refuse to make any referral fee for directing people to this site. We thought it would be too underhand to pay a commission because a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Having checked my lease I have discovered that there are only Fifty years unexpired on my lease in Amesbury. I need to get lease extension but my freeholder is can not be found. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. You will be obliged to prove that you or your lawyers have used your best endeavours to track down the lessor. In some cases a specialist would be useful to carry out a search and to produce a report which can be accepted by the court as proof that the landlord can not be located. It is advisable to get professional help from a solicitor in relation to devolving into the landlord’s absence and the vesting order request to the County Court overseeing Amesbury.
I am the registered owner of a 1 bedroom flat in Amesbury, conveyancing formalities finalised January 2010. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Amesbury with a long lease are worth £265,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease ceases on 21st October 2102
With only 76 years unexpired we estimate the price of your lease extension to range between £8,600 and £9,800 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. 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 clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.
I need to assess costs for conveyancing in Amesbury from three conveyancer and appoint one. Am I right to tell them to sit tight until I I have my bid accepted on a apartment.
You should only ask your property lawyer to commence work and submit searches after the sales confirmation has been sent by the selling agent especially as Amesbury conveyancing searches are a couple of hundred pounds.