Do commercial conveyancing searches reveal proposed roadworks that may affect a commercial premises in Rochford?

Many commercial conveyancing solicitors in Rochford will execute a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Rochford. The search result sets out 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 Rochford.

For each commercial conveyancing transaction in Rochford it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could result in delays to Rochford commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Rochford.

How does conveyancing in Rochford differ for newly converted properties?

Most buyers of new build premises in Rochford approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Rochford typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Rochford or who has acted in the same development.

What does commercial conveyancing in Rochford cover?

Non domestic conveyancing in Rochford covers a broad array of guidance, offered by qualified solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.

Do you have any top tips for leasehold conveyancing in Rochford with the purpose of expediting the sale process?

• A significant proportion of the frustration in leasehold conveyancing in Rochford can be avoided if you instruct lawyers the minute your agents start advertising the property and request that they start to collate the leasehold information which will be required by the purchasers’ conveyancers.
If you are supposed to have a share in the freehold, you should make sure that you are holding the original share certificate. Arranging a re-issued share certificate can be a lengthy formality and delays many a Rochford home move. If a duplicate share is required, do contact the company officers or managing agents (where applicable) for this as soon as possible. Some Rochford leases require Licence to Assign from the landlord. If this is the case, you should notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. The bank reference should make it clear that the buyer is able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the purchasers or their solicitors. If there is a history of any disputes with your freeholder or managing agents it is very important that these are settled before the property is marketed. The purchasers and their solicitors will be reluctant to purchase a property where a dispute is ongoing. You may have to bite the bullet and pay any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the purchasers, but it is better to reveal the dispute as over rather than unsettled. The majority of landlords or managing agents in Rochford levy fees for providing management packs for a leasehold home. You or your lawyers should find out the fee that they propose to charge. The management pack sought as soon as you have a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most common reason for delay in leasehold conveyancing in Rochford.

Leasehold Conveyancing in Rochford - Sample of Questions you should consider Prior to Purchasing

How many years remain on the lease? It would be prudent to discover as much as possible concerning the managing agents as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you will be in the clutches of the managing agents both financially and when it comes to practical issues such as the tidiness of the common parts. You should not be afraid to ask other people what they think of their management. On a final note, be sure you discover the dates that the maintenance fees are due to the managing agents and specifically what it includes. Please note if it is fewer than eighty years it will affect the marketability of the property. Check with your mortgage company that they are content with residual term of the lease. Leases with less than 80 years remaining means that you will almost definitely have to extend the lease at some point and it is worth discovering what this will be. Remember, in most cases you would need to own the premises for two years in order to be entitled to carry out a lease extension.

How does one as executor remove a departed person's details from the title deeds for a property in Rochford?

If a Rochford property is jointly owned and one of the proprietors passes away, the name will not immediately be removed from the Land Registry title. It is not necessary to amend the title as in the event of a disposal you would simply be required to supply proof as to the reason the other owner is not included in the transfer, normally this is in the form of the probate documents.

With a view to making things simpler in the future you may arrange to have the deceased party erased from the title by applying to HMLR with proof of the death. There is no land registry fee payable.