I own a freehold residence in Groby and Ratby but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Groby and Ratby and has limited impact for conveyancing in Groby and Ratby 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 hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
My wife and I own a 4 bedroom Victorian property in Groby and Ratby. Conveyancing solicitor represented me and . I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold under the matching address. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Groby and Ratby and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with your conveyancing practitioner who conducted the work.
Is it possible to transfer to a new solicitor as I need to retain a firm on the conveyancing list. I hired a local conveyancing solicitor in Groby and Ratby five minutes from me but she is not approved by
It would be our pleasure to assist you select a conveyancing solicitor in Groby and Ratby on the panel. Please note that the law firms that we on the directory do not pay us commission if you instruct them and are fully regulated by the SRA who oversee all conveyancing solicitors in Groby and Ratby. In making use of search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Groby and Ratby.