We assist individuals and companies with a range of residential property matters including conveyancing on the Sales and purchases of houses or flats to more complex matters such as adverse possession claims and rights of way.
Our Approach & Our Experience
Our specialist residential solicitors are able to advise you on all aspects of the transfer of your property within the Residential Property team, Private Client team and Family team.
We take the time to fully understand your situation to ensure you are given efficient advice based upon all aspects of transfers of equity. We have previous experience in carrying out a larger number of these types of transaction and we will guide you through the process with clarity and ease. We have expert solicitors providing legal advice on residential conveyancing.
Key Terms in Residential Conveyancing
Covenants: A covenant is a legally binding promise to do or not to do certain things with property or land. Covenants can be either positive or restrictive. A positive covenant is a promise to do something or spend money (e.g. to contribute towards the maintenance of a shared driveway). A restrictive covenant is a promise not to do certain things for the benefit of other land and therefore amount to a restriction on the use of a property (e.g. no trade or business to be carried out at a property).
Ground rent: Ground Rent is a periodical payment, usually paid once a year by the owner of a Leasehold property to the Freehold Owner or Superior Leasehold Owner (Landlord). The ground rent amount is set out in the lease.
Rentcharge: This is similar to a ground rent but is charged on freehold properties. Rentcharges will be extinguished in 2037 if they are still in existence at that time. No new rentcharges can now be created. Rentcharges are particularly common in the Manchester area.
Service Charge: This is a charge payable under the terms of a lease or sometimes a freehold transfer (here it is called an estate rentcharge) for management companies and/or landlords to recover the cost of providing services, insurance and maintenance of communal areas.