Effective property sale in Morley is dependent on proper research. A lot of issues surround property sales. Most of these are related to laws. Therefore, buyers and sellers need a professional who is trained in property sales to help them speed the transaction. This is the only way of ensuring that both parties are satisfied with the transaction and that no conflict arises after the property is sold. The professionals come in the form of solicitors in morley.
Most properties on sale are usually occupied by either tenants or the seller. The solicitor must determine the nature of occupancy, especially if the property is occupied by anyone other than its owner. Conveyancing freehold property is not that difficult. The owner is usually the seller and therefore there are very few rules to complicate conveyance.
Conveyancing commonhold, leasehold, and tenanted properties are complex. These properties are governed many laws that are cryptic to common men. A leasehold property may look like a tenanted property but is actually different. Tenants have to pay rent regularly. They do not have the right to change immobile components of the property, not even those within their own units. They cannot change their kitchen, or introduce a bathtub where none exists. They have to leave the general architecture of the unit the way it is. Commonhold owner might change immobile components of their unit. However, they have limited rights to those areas that they share with other members of the commonhold.
Leasehold owners also do not have the right to change immobile components of the property. Their ownership is limited to a given duration of time. It is the freehold owner who has an absolute right to property. Knowing the type of property ownership enables a solicitor to determine how to get around conveyance. If ownership is commonhold, the solicitor must know rules laid out in the Commonhold Article. He must communicate these rules to his client who may change them or retain them once he buys the property.
The solicitor also determines the type of tenancy in a tenanted property. The tenancy can be regulated tenancy, assured tenancy, or assured shorthold tenancy. Knowing the type of tenancy enables a solicitor to determine how to terminate tenancy for his client, should the client want the property vacated. The notices for terminating each of these tenancies are different. The duration of time till a tenant leaves is also dependent on the type of tenancy.
A buyer’s solicitor must find out who the real owner of the property is. This is to protect the tenant from conmen posing as property owners. The solicitor must ask for a title deed from the seller. He must also confirm ownership by visiting the Land Registry and counterchecking the title deed against the records.
The solicitor must find out about water supply and drainage to property. He must know the company responsible for providing water to the property. He also needs to find out any prevailing individual agreements between the company and the seller. The nature of property drainage is also critical. The relationship between the property and any drainage system should also be established so that it does not affect the residents.