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What is the difference between Freehold and Leasehold Property?

What is the difference between Freehold and Leasehold? There are two ways in which a property in the UK can be registered, either with a Freehold Title or a Leasehold Title.  These are two very different types ways to hold land and the fundamental difference is whether you will own the land outright or not. Freehold Title Where a property is registered with a...

Leases – subletting and assigning commercial leases

Whether you are a Tenant or a Landlord of a Commercial Property, you’ll want to know what you can and cannot do in relation to assigning and sub-letting a Lease. Our Commercial Property Specialists give a short guide on the difference between absolute and qualified restrictions, but as always if there is anything which you need specific advice on then...

New Residential Nil-Rate Band for Inheritance Tax

As of 6th April 2017, individuals may be able to “top up” their Nil Rate Bands (currently £325,000 for individuals or £650,000 for married couples which is inheritance tax free on their estate) to £500,000 for individuals or £1,000,000 for married couples. Our Wills and Probate Team are regularly involved in tax and estate planning. This article...

What is a Property Information Form and Fixtures and Contents Form when selling a house?

As part of the conveyancing process in selling your home, you will have to complete a couple of forms. These are sometimes called “protocol forms” but will usually include a Property Information Form and a Fixtures and Fittings Questionnaire. What is a Property Information Form? When you are selling a property, your solicitor will send you a copy of...

What is an Environmental Search when buying a property and do I need it?

An Environmental Search is a report into Environmental issues, which we always recommend is carried out when purchasing a residential property. Our conveyancing solicitors in Leicester set out why Josiah Hincks as a firm always carry out Environmental Searches for our conveyancing clients. An Environmental Search Report looks into to the following Environmental...

Types of Property Ownership in the UK – Joint Tenancy vs Tenants in Common

One of the questions you’ll need to consider when purchasing a Property in the UK is who will be the owner and how the property will be held. There are a couple of legal differences to Property Ownership, particularly in relation to Joint Ownership and the question of Joint Tenants versus Tenants in Common. In this short article by our residential...