I purchased a freehold property in Woodside yet invoiced for rent, why is this and what is this?

It is rare for properties in Woodside and has limited impact for conveyancing in Woodside 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 many centuries, but the Rent Charge Act 1977 barred the generation of fresh 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 in 2037 is to be dispensed with completely.

Will commercial conveyancing searches reveal planned roadworks that may impact a commercial premises in Woodside?

Its becoming the norm that commercial conveyancing solicitors in Woodside will carry out a SiteSolutions Highways report as it reduces the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Woodside. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Woodside.

For each commercial conveyancing transaction in Woodside it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can result in delays to Woodside commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Woodside.

I have recentlybeen informed that Action Conveyancing have closed. They conducted my conveyancing in Woodside for a purchase of a leasehold apartment 18 months ago. How can I establish that my home is registered correctly in the name of the former proprietor?

The easiest method 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 Woodside conveyancing specialists.

In surfing the world wide web for the words on line conveyancing in Woodside it brings up many property lawyerslocally. With so much choice what is the best way to find the right property lawyer for the sale of my house?

The preferential way of seeking the right conveyancer is through a personal testimonial, so enquire of colleagues and those you trust who have bought a property in Woodside or the respected estate agent or financial adviser. Costs for conveyancing in Woodside vary, so it's sensible to secure a minimum of three estimates from varying types of property lawyers. Dont forget to clarify what costs in the quote includes.

I am tempted by the attractive purchase price for a two apartments in Woodside both have about forty five years remaining on the leases. Should I regard a short lease as a deal breaker?

There are plenty of short leases in Woodside. The lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease shortens the value of the lease deteriorates and it becomes more costly to extend the lease. For this reason it is advisable to increase the term of the lease. It is often difficulties arise selling premises with a short lease as mortgage lenders may be reluctant to lend money on such properties. Lease enfranchisement can be a difficult process. We recommend you get professional help from a conveyancer and surveyor with experience in this field.

I have given up trying to purchase the freehold in Woodside. Can this matter be resolved via the Leasehold Valuation Tribunal?

in cases where there is a absentee freeholder or if there is dispute about what the lease extension should cost, under the relevant legislation you can apply to the LVT to judgment on the amount due.

An example of a Lease Extension case for a Woodside residence is Ground Floor Flat 14 Lodge Road in October 2013. the tribunal held that the price payable for the acquisition of the extended lease of the property should be £12,590 .00 This case affected 1 flat. The unexpired lease term was 69.46 years.