How long should a lease be when buying a property? Typically 125 years. Some are offered at only 99 years but that is becoming more unusual Is leasehold being abolished? No What are the disadvantages of buying a leasehold property? You will not own land, you will simply have a right to occupy part of […]
Leaseholders who own flats have a right to extend their leases under the Leasehold Reform Housing and Urban Development Act 1993 if they meet certain Criteria (statutory route), or by asking they can contact their freeholder and see whether they are willing to negotiate an extension of the lease term informally (informal route). Statutory Route […]
When buying or selling a house the legal process is called Residential Conveyancing. Because most people are not familiar with the process of a property sale or purchase they use solicitors to act for them. Your lender will require you to appoint a solicitor to act on their behalf if you are purchasing a property […]
There are two main types of auction that we come across. The first is a “traditional auction” and the second is known as a “modern auction”. In both types, an auctioneer invites bids and the property goes to the highest bidder. In a traditional auction, at the point that the bid is accepted, contracts are legally exchanged […]
Property disputes are one of the most common and frequent problems faced by the property owners in the United Kingdom. A property may experience various residential property disputes for the ranges of subjects. A solicitor has the responsibility to take out the owner from rough waters in such cases. It is, therefore, vital to hire […]
Renting a house may not come easy when someone has less knowledge about the requirements. You need a list of documents. To most people, compiling these documents and everything else that makes a person considered trustworthy is what is most stressful. Searching for a house or property for rent may not be that much of […]
Everyone agrees that the purchase of a house is a huge commitment. Even when you save up your life’s worth, sometimes it is not enough for a proper shelter. Rising prices often cause this in the real estate market year after year. New families have had a hard time trying to own a house. This […]
A pre-action protocol for construction and engineering disputes is a document that outline procedures to be taken in case of differences in building construction and engineering. The procedures facilitate dispute resolution by the parties involved without having to engage the court. The purpose of the protocol is to create an amicable environment for conflict resolution […]
Housing white paper is a recent government statement that outlines new policies for improving housing in the UK. The white paper has plans and purpose for ensuring that citizens of the UK find affordable housing. The housing crisis has been plaguing the UK for some time now. The government has taken all the blames for […]
Conveyance of commercial properties is much like that of residential properties, only a bit more complicated. Commercial properties are used for retail and manufacturing businesses. A property that is currently being used for one business can be modified and used for another business. A residential property may also be purchased for commercial activities. These are […]
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