Leases conveyancing

Property Conveyancing Solicitors in Lincoln UK

BUYING

• Conveyancing estimates are clear so you can plan
• Deeds are stored free for your peace of mind
• 10% discount for first time buyers

SELLING

• Power of Attorney and Will reminders

Leases with Conveyancing Solicitors, Dale and Co. Solicitors Lincoln

A lease enables rent to be charged on a property in exchange for the property being made the possession of someone other than the owner, for a fixed term. 

Any lease for over 21 years is generally known as ‘long leasehold’; however long leaseholds are generally for 125 years.

The person granting the lease (landlord) takes possession of the property back at the end of the lease period. The person taking the lease (tenant) has differing rights depending on the terms contained in the lease, for example they may be able to sublet the property. The Landlord and Tenant Act 1954 protects the rights of both the landlord and tenant.

Contact Dale and Co. Solicitors Lincoln Property Conveyancing team to discuss your requirements. We will be happy to provide a conveyancing quote.

Leases

A lease or tenancy occurs when someone rents a property. If it is for a business purpose (but not agriculture or farming) this is known as a business lease, which usually last for a number of years.

Continual development in Tenant and Landlord legislation make expert advice invaluable. We can also advise upon license agreements, if the parties do not wish to create a binding interest in the property.

If you hold a business lease, you are entitled to a new tenancy provided the landlord does not formally oppose this, and you comply with the procedures as laid out in the 1954 Landlord and Tenant Act.

Transfer of Equity with Dale and Co. Solicitors - Conveyancing Solicitors in Lincoln

The difference between the value of a property and the amount left outstanding on its mortgage is known as equity. 

Equity can be transferred when an owner (or joint owner) of land or property wishes to transfer their ownership to someone else, for example through divorce proceedings or as a gift. It is advisable that a Solicitor is instructed for a Transfer of Equity to ensure that any liabilities are disclosed. 

Contact the Dale and Co. Property Conveyancing team for a Transfer of Equity quote.