IS THIS THE FASTEST CONVEYANCE EVER?
We were Instructed on a Wednesday  after our client had viewed a residential  property earlier that  day. We completed the purchase of it that Friday so the client with his family moved in for the weekend-  only three days from start to finish. Is that a record?


RESIDENTIAL LEASE EXTENSIONS
We are  very active  in this field with clients wishing to enhance the value of their leasehold interest. Please remember it is imperative an application for a lease extension is served on the landlord before the lease has fewer that 80 years to run as it becomes much more expensive after this.


RIGHT TO MANAGE  YOUR BLOCK OF FLATS - AN IMPORTANT RIGHT FOR LEASEHOLDERS

Legislation made in 2002 provides a right for leaseholders of flats to force the transfer of the landlord's management functions to a special company set up by them known as Right to Manage Company. The right was introduced, not just as a means of taking control from bad landlords, but also to empower leaseholders, who generally hold the majority of value in the property, to take responsibility for the management of their block.

The process is relatively simple. The landlord's consent is not required, nor is any order of court. There is no need for the leaseholders to prove mismanagement by the landlord. The right is available, whether the landlord's management has been good, bad or in different and can be processed by us from as little as £850 plus VAT and disbursements (such as the cost of the RTM company). Please contact John Petrou here for more details
Contact:   John petrou@londonrjs.co.uk   for more details

STAMP DUTY LAND TAX (SDLT)  The threshold reverted  to 1%  above £125,0000  to £250,000 on residential properties from 1 January 2010 unless you and your co-purchasrs are "first-time" buyers when  there is no tax to pay if you complete your tax return correctly. Let us advise you if tax savings may be made without  cheating the taxman.

HIPS ABOLISHED BUT ENERGY PERFORMANCE CERTIFICATES ARE STILL REQUIRED
From 1 October 2008 all buildings whenever sold, built or rented  need an Energy Performance Certificate (EPC).

EPCs were first introduced for the marketed sale of domestic homes as part of the Home Information Pack (HIP).They are also now needed for commercial premises.   If you are  selling  or renting out a home or commercial premises,  it is now a legal requirement to have this certificate.  Failure to do so  for home owners  may now attract a £200 fixed fine.

RJS- Residential  & Commercial Property Department


Contact
property@londonrjs.co.uk