Author Archive for: Meaby
Entries by Meaby
The difference between Legal and Beneficial Ownership
What is the difference between legal and beneficial ownership? A legal owner is a person or persons who holds the legal title to the property under his, her or their name. You will know who the legal owner of a property is by looking at the register entries held by Land Registry. However, the legal […]
MAISONETTE LEASES
What is a maisonette lease? A maisonette lease is a lease of part of a building where the building is divided into two or more parts (but usually two) and each part is demised to the leaseholder (i.e. the leaseholder owns the whole of their part including the structural and external parts). In modern times […]
Legal 500
Meaby & Co Solicitors has been recognised in the Legal 500 awards for the year 2021/2022. The Legal 500 is a research, ranking and publishing firm based in the UK which assesses and ranks global law firms and lawyers for their achievements. The latest citation notes how Meaby & Co is particularly ‘active in rooftop and airspace […]
YOU’RE A SOLICITOR, NOT A BANK – WHY ARE YOU ASKING ABOUT MY FINANCES?
The majority of property transactions involve clients sending some money to their solicitors. For a purchase, that sum might be tens or even hundreds of thousands of pounds. Since the 2002 Proceeds of Crime Act came into force, solicitors have been required to carry out ever more stringent checks on their clients, and where their […]
Transfers of Equity – A Brief Summary
In a transfer of equity of a property the owner adds or removes a person to or from the title thereby altering the ‘ownership’ of the property. The important point to remember is that the equity in the property is different from the value of a property. The equity of a property is the value […]
Another setback in the cladding crisis
Only a few days after we wrote about the Government’s announcement that was expected to unlock some of the property market, there has been yet another setback for properties affected by the cladding crisis. When Housing Secretary Robert Jenrick announced that buildings of less than 18 metres in height would not need an EWS1 form […]
How Has the Pandemic Affected the Conveyancing Market?
The lockdowns during the pandemic appear to have spurred a high interest in owning your own home and have changed people’s perceptions of what their ideal home is. People are now looking at properties that have gardens with green spaces locally for fear of further lockdowns. However, people still have major concerns that they will […]
Government supports recommendation to dispense with requirement for EWS1 for buildings below 18 metres
On 21st July, the Housing Secretary, Robert Jenrick, announced that the Government will support the recommendations in an independent expert statement on the building safety in medium and lower-rise blocks of flats. The independent expert statement was commissioned by the Government earlier in the year to consider issues of proportionality in relation to building safety […]
What responsibilities will the RTM company acquire after taking over management?
Once the RTM company acquires the right to manage, the management functions that the landlord or management company are responsible for (as per the lease) are transferred to the RTM company. These include: Monitoring tenant’s compliance with their covenants in the lease and enforcing the covenants where they are not complied with Collecting […]
