I purchased a freehold house in Arnold but nevertheless pay rent, why is this and what is this?

It is rare for properties in Arnold and has limited impact for conveyancing in Arnold 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 have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.

Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.

I am close to exchanging contracts on the sale of our home in Arnold and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. Any local conveyancer would know this is not the case. For the life of me I don't know why the purchasers are using an online conveyancing outfit rather than a conveyancing solicitor in Arnold. Having lived in Arnold for 4 years we know of no issue. Should we get in touch with local Authority to get confirmation need.

It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)

My company is wishing to take an assignment of a lease of an office on the high street. Can you recommend conveyancers offering no-move-no fees for commercial conveyancing in Arnold for less than £1,200?

We can recommend firms who have well rounded knowledge of commercial conveyancing in Arnold, including the sale and acquisition of businesses as well as simply premises. If you are hoping to acquire or dispose of a shop, pub, restaurant, office, retail unit or a whole business we will find you the right lawyer. As for the charges these will vary based on the structure and nuances of the proposed transaction. Let us have your contact information or call us so that we can supply you with comprehensive commercial conveyancing calculation.