established in 1985
Property & Commercial Education
If you wish to purchase property either for residential purpose or for business or commercial use, we can undertake the necessary work. The same applies if you are selling. There is no need for you to be in the UK as most documents can be signed and executed by us on your behalf as Attorney. An interesting feature of the Law in England and Wales is that there is no residence requirement to purchase property.
This compares very favourably with other jurisdictions where in order to purchase property you not only need to be permanently resident but also to be a National of that country. We operate the National Conveyancing Protocol, which regulates the Sale & Purchase of domestic residential property. The Practice also has substantial expertise in Commercial and business property. This normally entails either a grant of a new lease by a Landlord to a Tenant or the Assignment of an existing lease by an outgoing Tenant to an incoming Tenant. SEO for solicitors Usually the incoming tenant will be taking over the business "as a going concern", whereby he would pay a "premium" to the outgoing tenant and Rent to the Landlord. For typically English historical reasons Rent is paid on the usual quarter days i.e. 25 May, 25 June, 25 September and 25December.
In all cases of residential property be it freehold or a long lease of a flat (99 years is common) and in some cases of long commercial leases, the buyers Title or proof of ownership has to be registered at a Land Registry. There are a number of Land Registries dealing with particular areas in which the property is located.
The document of Title I issued by the land Registry is either a Charge Certificate (if there is a Mortgage) or a Land Certificate. Following the Compulsory Registration of property it is no longer the case of the owner holding on to an ever-increasing bundle of deeds to prove his Title. Now proof of ownership and Title can be obtained by simply obtaining an office copy of the Register from the Land Registry. If you were considering buying or selling property within England and Wales we would be delighted to act for you. Our fees are competitive and negotiable.
© Gills Solicitors 2009 Old Lane Chobham Surrey GU12 8FG Tel: 0845 745 1245 Email: law@gills-solicitors.co.uk
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