Continuing our series of understanding conveyancing terminology, we look at what fixtures and fittings are and the key differences between them. Fixtures are defined as “forming part of the land” and therefore, as a buyer, you would expect to take over ownership of these items when purchasing a property. In many ways, this makes perfect…
We all know about and are familiar with the importance of advice from accountants in the context of business sales. They can advise to ensure that the transaction is put together in a tax efficient way – that maximum use is made of the various reliefs available (including, in particular, entrepreneur’s relief). This will have…
Conveyancers often talk about “completion” to their clients as if they should have an idea of what it actually means! Although it is fairly easy to guess what this term may refer to, understanding the legal significance of this term, and its practical implications, is useful when buying or selling a property. Completion is sometimes…
The Leasehold Reform, Housing and Urban Development Act 1993 (LRHUDA 1993), introduced the right for tenants to request an extension on their existing tenancy. The Act gives eligible tenants the right to request a lease extension from their landlord with a payment of a premium and a peppercorn rent. There are two ways of obtaining…
A lease is an agreement, usually by way of a document in writing, which passes, affirms, or confirms an interest, right, or property and that is signed, witnessed, delivered and in some jurisdictions, sealed. This is commonly associated with transferring title to property, where an interest in the land or property is created, for a…
When you are purchasing a residential property that has a septic tank the conveyancer/solicitor acting for you needs to raise sufficient enquires of the seller. A septic tank is a key component of a septic system, a small-scale sewage treatment system common in areas that lack connection to main public sewers. After the sewage enters…
Despite its commonplace image, the conveyancing of residential property is, from a legal point of view, quite a complex task. Martin Reynolds explains why you should never accept the services of the conveyancer offering the lowest fees. On hearing that I have taken over the management of the firm’s residential conveyancing section (and hence have…
