I am the registered owner of a freehold property in Petts Wood but nevertheless charged rent, why is this and what is this?

It’s unusual for properties in Petts Wood and has limited impact for conveyancing in Petts Wood 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 new rentcharges post 1977.

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

Do I select a Licenced Conveyancer or Solicitor for conveyancing in Petts Wood?

Two types of professional can carry out conveyancing in Petts Wood namely CLC regulated conveyancers or solicitors. The two can provide conveyancing services that you need to complete the sale or acquisition of property. Both are required to perform Petts Wood conveyancing to the same quality and guidelines so you can be safe in the knowledge that your conveyancing will be properly conducted and that the necessary procedures will be suitably followed.

I am assisting my step-mother sell her flat in Petts Wood. Does the conveyancer order an EPC or should I organise this?

Following the demise of Home Information Packs, EPC’s was kept a mandatory component of moving house. An EPC should be to hand before the property is placed on the market. It is not as aspect of the sale process that solicitors ordinarily arrange. If you are using a Petts Wood conveyancing solicitor they might be able to arrange energy assessments given their contacts with reputable local accredited person

I am aiming to move property in August. Should my conveyancing solicitor call the removal company on the completion day. As an aside, can you put forward a removal company in Petts Wood. Conveyancing solicitor was chosen before I stumbled across your page.

On the afternoon of completion you will need to collect the keys from your selling agent but this should only occur after the sellers conveyancers confirm to the agent that they acknowledge receipt of the completion payment and the keys can be collected. Subsequently you should inform the removal men that they can start moving you in. We do not suggest a specific removal organisation but can assist you in choosing a residential property solicitor in Petts Wood or a legal practice with expertise in conveyancing in Petts Wood.

I am looking for a ground for flat up to £195,000 and found one close by in Petts Wood I like with amenity areas and station in the vicinity, however it's only got 61 years unexpired on the lease. There is not much else in Petts Wood for this price, so just wondered if I would be making a mistake purchasing a short lease?

Should you need a mortgage the shortness of the lease will likely be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.

In searching the world wide web for the words cheap conveyancing in Petts Wood it reveals many property lawyerslocally. With so much choice what is the best way to find the suitable conveyancer for my move?

The preferential way of finding a suitable conveyancer is through a trusted testimonial, so seek the guidance of colleagues and family who have purchased a property in Petts Wood or the local estate agent or financial adviser. Fees for conveyancing in Petts Wood differ, so it's advisable to request a minimum of four quotes from different companies. Be sure to obtain confirmation that the fees are fixed.

Helen (my wife) and I may need to sub-let our Petts Wood garden flat temporarily due to a career opportunity. We used a Petts Wood conveyancing practice in 2001 but they have closed and we did not have the foresight to seek any guidance as to whether the lease allows us to sublet. How do we find out?

Notwithstanding that your previous Petts Wood conveyancing solicitor is not around you can check your lease to see if it allows you to sublet the apartment. The rule is that if the deeds are silent, subletting is permitted. There may be a precondition that you need to seek permission from your landlord or other appropriate person before subletting. This means you not allowed to sublet in the absence of prior permission. Such consent should not be unreasonably refused ore delayed. If your lease prohibits you from subletting the property you will need to ask your landlord if they are willing to waive this restriction.

I have attempted and failed to negotiate with my landlord to extend my lease without getting anywhere. Can one apply to the Leasehold Valuation Tribunal? Can you recommend a Petts Wood conveyancing firm to help?

in cases where there is a missing freeholder or if there is disagreement about what the lease extension should cost, under the relevant legislation it is possible to make an application to the Leasehold Valuation Tribunal to decide the sum to be paid.

An example of a Lease Extension decision for a Petts Wood flat is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case affected 1 flat. The unexpired term was 50.57 years.