I own a freehold premises in Barton Le Clay but nevertheless pay rent, why is this and what is this?

It is rare for properties in Barton Le Clay and has limited impact for conveyancing in Barton Le Clay 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 hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.

Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.

My friend suggested that where I am buying in Barton Le Clay I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

A search of this type is sometimes included in the estimate for your Barton Le Clay conveyancing searches. It is a large document of about 40 pages, listing and detailing important information about Barton Le Clay around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Barton Le Clay Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Barton Le Clay Education with plans and statistics, Local Amenities and other useful data about Barton Le Clay.

Are there restrictive covenants that are commonly identified during conveyancing in Barton Le Clay?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Barton Le Clay. 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…’

I’m about to sell my ground floor apartment in Barton Le Clay. Conveyancing is yet to be initiated, however I have recently received a half-yearly service charge invoice – Do I pay up?

It best that you clear the maintenance contribution as usual because all rents and maintenance invoices should be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

I acquired a split level flat in Barton Le Clay, conveyancing was carried out March 2001. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable properties in Barton Le Clay with a long lease are worth £197,000. The ground rent is £55 levied per year. The lease comes to an end on 21st October 2081

With 56 years unexpired we estimate the price of your lease extension to range between £29,500 and £34,000 as well as professional fees.

The figure 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 detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously 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.

Do online conveyancing companies cover everything a high street Barton Le Clay solicitor does or must I retain a solicitor for the final stages for my conveyancing in Barton Le Clay?

Where you instruct an online conveyancer they will undertake all the tasks your Barton Le Clay conveyancer would cover.