Chelmsford is one of the most sought areas for the property buyers for the facilities and the localities. There are many properties in and around the area, but the leasehold properties of the Chelmsford area are more accessible and attractive. The leasehold properties are the flats or the apartments and are popular as hot properties for easy availability and smooth conveyancing process. However, Chelmsford leasehold conveyancing is not that smooth as it some people might think. There are few things to consider before the conveyancing process.
Chelmsford Leasehold Conveyancing
The first and foremost thing is to hire an experienced and qualified solicitor. The best thing about Chelmsford is that there are many local solicitors available in the area for the conveyancing process. One must contact the solicitors and compare them to ensure that the best solicitors get the job. The experience, track record, and feedback must be looked into while comparing the solicitors. The Real Estate Agent may push for a particular solicitor, but one must not come into the honey trap. One should consider and rely on their research more than the marketing and advertising of the solicitors. The significance of the solicitors are immense for the Chelmsford leasehold conveyancing, and thus, no compromise should be made on it. The minimal costs are no comparison to the time and personalized service.
Significance of the leasehold solicitor
Leasehold Conveyancing is different from freehold conveyancing, and an experienced solicitor is required. Even though the basic concept of the conveyancing remains the same but there are differences in the conveyancing fees and the process. A solicitor who has prior experience in the leasehold conveyancing should be preferred. A solicitor has the responsibility of handling the disbursement and search process for the properties. The disbursement fees and the search fees are among the most incurred costs for the conveyancing process and thus, should be taken very seriously. The solicitor completes the process on behalf of the buyer. There can be legal and plan complications for the conveyancing process if properly care every detail is well understood.
Why Leasehold Conveyancing is different
In the case of the freehold property, the entire property comes to the buyer, and the registration process and the clearance for the property. However, for the leasehold properties, the concept is different. One must verify the leased property or the flat area during the registration. The clearance process of a particular area and the entire property is different, and thus, it should be understood clearly.
The checks for planning and the design of the entire property taken care of. The land Registration is also a complicated process. The prime reason behind it is the land does not belong to the buyer, and it remains with the seller. The maintenance of the property is also something that should be taken care by the owner of the property. The maintenance and the rent of the land are different and do not belong under the conveyancing process. The buyer has to come to an agreement for both of these with the seller and periodically paid.
The buyer often makes the mistake and ends up in trouble. The experienced solicitor can, however, restrict the buyer from making such mistakes in Chelmsford leasehold conveyancing.