I purchased a freehold premises in Walton but still invoiced for rent, why is this and what is this?
It is rare for properties in Walton and has limited impact for conveyancing in Walton 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 creation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
My wife and I are close to exchanging contracts on the sale of our home in Walton and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. A high street Walton conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers instructed a web based conveyancing outfit rather than a conveyancing solicitor in Walton. We have lived in Walton for 5 years we know of no issue. Is it a good idea to contact our local Authority to get confirmation that the buyers are looking for.
It would appear that you have a conveyancing lawyer already. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I have recentlyfound out that Stirling Law have closed. They conducted my conveyancing in Walton for a purchase of a leasehold flat 18 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The quickest way to see if the premises is in your name, 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 Walton conveyancing specialists.
My business partner and I are wishing to take over a lease of an office on a shopping parade. Can you recommend conveyancers offering fixed charges for non-domestic conveyancing in Walton for under £1,200?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Walton, including the sale and purchase of businesses as well as simply premises. Whether you are looking to purchase or sell a shop, pub, restaurant, office, retail premises or a complete business we will find you the right lawyer. Regarding the charges this will depend on the structure and complexity of the proposed transaction. Let us have your contact information or phone so as to enable us to furnish you with a detailed commercial conveyancing calculation.
I acquired a property in Walton last 10/9/2024 and to date it is still not recorded with the Land Registry. It is part of a new estate and my conveyancing practitioner told me that it may take 12 months to complete the registration formalities. I have contacted HMLR directly and they have informed me the initial application was cancelled due to questions not being addressed in time. What can I do?
It is your lawyer that you must get in touch with in order to satisfy any concerns which have been raised as part of the registration process for your Walton property. Normal Walton conveyancing practice includes an undertaking on the part of the previous owner’s conveyancing practitioner that they will assist in resolving any requirements raised by HMLR so it may be a case of taking action to enforce that undertaking if necessary.