I purchased a freehold residence in Bushey but nevertheless invoiced for rent, why is this and what is this?

It’s unusual for properties in Bushey and has limited impact for conveyancing in Bushey 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 many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.

Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.

I need some expedited conveyancing in Bushey as I have pressure to sign on the dotted line within 2 weeks. A mortgage is not required. Is it possible to escape the need for conveyancing searches to save fees and time?

If.Given you are are a cash buyer you are at free not to have searches conducted although no lawyer would suggest that you don't. With lots of history conveyancing in Bushey the following are examples of issues that can show up and adversely impact the marketability of the property: Enforcement Actions, Outstanding Charges, Outstanding Grants, Unadopted Roads,...

Just had an offer accepted on a new build flat in Bushey. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Set out below is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Bushey

Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?

I only have Sixty One years remaining on my flat in Bushey. I am keen to get lease extension but my landlord is missing. What are my options?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. However, you will be required to demonstrate that you or your lawyers have done all that could be expected to find the freeholder. For most situations a specialist would be useful to try and locate and prepare an expert document which can be accepted by the court as evidence that the freeholder can not be located. It is wise to seek advice from a property lawyer in relation to devolving into the landlord’s absence and the vesting order request to the County Court covering Bushey.

We have reached the end of our tether in negotiating a lease extension in Bushey. Can the Leasehold Valuation Tribunal adjudicate on premiums?

Most certainly. We are happy to put you in touch with a Bushey conveyancing firm who can help.

An example of a Lease Extension case for a Bushey premises is 197 Byron Road in March 2013. In relation to the value of the extended lease the tribunal concluded that the appropriate premium should be £19237 This case was in relation to 1 flat. The remaining number of years on the lease was 70.92 years.

I have just placed an offer on a leasehold flat in Bushey and the mortgage adviser that we are using suggested his conveyancer. They quoted £1000 plus VAT and 3rd party costs. Does this sound steep?

Don't just go on a single quote. One should seek like-for-like quotes for your conveyancing in Bushey. Then pick one that you are comfortable with and crucially, is on the approved list of the lender that you have applied for a mortgage from.