Transferring ownership of a house with mortgage in UK? Some individuals review their Wills regularly ensuring that they amend them to take account of a change in family or personal circumstances. However, those that don’t may find that on their death their Wills may not reflect their own last wishes or the expectations of those they have left behind. There are a number of reasons one might wish to make a Deed of Variation, for example, to make provision for someone who was excluded from the Will, to take account of differences in the financial position of beneficiaries, or to simply pass assets on to the next generation. There may well be other financial reasons to consider. At Blackstone, we can help to ensure a Deed of Variation achieves the outcome you are looking for. It is imperative that you seek expert legal help as once a variation has been made it cannot be undone.
When to put in place a Shareholders’ Agreement? We would recommend that you enter into a shareholders’ agreement when you set up your company and issue the first shares. You will also be putting in place the company’s constitution at that time (the articles). It is a good time to have a discussion about how the business should be run and what the expectations of the shareholders are with relation to the investment they are putting into the business. If it is straightforward to put together a shareholders’ agreement that should bode well for the future. If you can’t agree on what to include that should set alarm bells ringing! If you leave it until the business is more established, it could be even trickier to reach agreement.
The purchase of a new build home will also likely be impacted by the tight deadlines builders often impose. These might include a four-week deadline between the reserving of a property and the exchanging of contracts, for example. Buyers will often be required to commit to the purchase of a home and to sign various contracts. For requirements such as these, it is highly recommended you have an experienced legal team to ensure everything runs smoothly. We realise that buying a house is one of the biggest transactions you will ever go through, so we are committed to ensuring everything goes to plan. With new build properties, the steps to making a purchase can be significantly more complex, but with specialist help you’ll have the keys to your new home in no time.
Unafraid to stand up for what we believe in, we pursue claims thoroughly and are never deterred when hurdles arise. We like to be the ones to steer the case in the direction we want, and we keep our clients informed at every twist and turn. Our extensive understanding of the law is coupled with a wealth of business experience that stretches across all levels. This is a feature that runs through our entire team, arming us with the tools to take on cases of every complexity. See more info at transferring ownership of a house with mortgage.
What will I need to do during the rent recovery process? Blackstone Solicitors will perform the vast majority of work during the rent recovery process. We understand that chasing money can be exhausting and stressful, which is why we take appropriate steps to alleviate the burden. All we need from you are copies of: Property ownership documents, Details about the tenant, The tenancy contract, Evidence that you did not receive the money you are attempting to claim back, Evidence that the tenant left your property within the last six years.
There are a number of reasons why a Landlord or Tenant may want to end a commercial lease early. In any event, and notwithstanding the reason, there are steps that must be taken in order to ensure that the lease can be determined. Below we outline the reasons and the complications that can arise. Conduct would include delivering the keys to the Landlord and the Landlord accepting receipt so that the lease comes to an end. However, both options would require the Landlord to agree to the Tenant surrendering the lease. The Landlord may also ask for a payment to be made as ‘compensation’ for the loss of rental income. Similarly, if the Landlord wishes to determine a commercial lease early, it can ask the Tenant for a surrender. In this instance, the Tenant is not obliged to agree and may accept to surrender upon payment of a premium. Discover additional info on https://blackstonesolicitorsltd.co.uk/.