Conveyancing Solicitors in London identify a "Wapping" issue

Modern blocks of flats in the docklands area of East London often have commercial premises such as offices or shops on the lower floors. Conveyancing Solicitors in London acting for the buyers of apartments in such blocks will want to make sure that appropriate arrangements are in place for the management of the building.

Conveyancers will confirm that their client will not be penalised by higher costs such as increased insurance premiums relating to this commercial use.

Conveyancer Jaspreet Lotay recently acted for the sellers of a flat on Wapping High Street, London, E1W. The property was owned on a 999 year lease which was registered with title absolute at the land registry.

The agents handling the sale for the sellers were Savills of Execution Dock, 80 Wapping High Street, London, E1W 2NE and the Conveyancing Solicitors in London acting for the buyers were Anthony Gold of The Counting House, 53 Tooley Street, London Bridge, London SE1 2QN.

A check with Tower Hamlets Council offices at Mulberry Place, 5 Clove Crescent, London E14 2BG showed that planning consent had been obtained in 2001 for a development comprising 36 flats, 3 houses and 2 shop or office units. Jaspreet obtained a copy of this to send to the buyers' Conveyancers. 

Would buyers pay higher service charges due to shops in the building?

She also requested a management information pack from Rendall and Rittner of  Portsoken House, 155-157 Minories, London EC3N 1LJ, the agents who managed the building on behalf of the freeholders.

Demonstraing her exceptional local knowledge, this firm was well-known to Jaspreet. She knew that they would supply a comprehensive pack including copies of the service charge accounts, buildings insurance, and other information usually  required for leasehold properties by Property Lawyers, and reassured her clients that the Conveyancing Process would go smoothly.

The information which was supplied clearly showed that there were separate management arrangements for the business units in the building. This meant that the residential occupiers would not be saddled with higher costs properly attributable to these business users.

The buyers' Conveyancing Solicitors in London soon confirmed that they had all the information which they required, and were then able to report to their client. Contracts were promptly exchanged and the sale was finalised without delay. 

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