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Buying And Selling Residential PropertyInvestigation Of TitleThis involves checking that the seller actually owns the property and whether the property is subject to adverse rights (e.g. a right for the neighbour to pass over the property) or covenants (e.g. that the property cannot be used for certain purposes). We will ensure that there are no onerous restrictions or other matters that may affect your proposed use of the property and that there are no defects in the legal documents. If a defect is found that cannot be rectified, it is sometimes necessary to obtain indemnity insurance to protect you, your mortgage company and future buyers of the property. This is normally provided at the seller's expense. We will check the information provided by the seller in the Property Information Forms (referred to above) and ask the seller's solicitor to clarify anything as necessary.
The articles on legal topics published in these pages are for interest only and are necessarily general in their terms. You should not act (or refrain from acting) on the basis of the information given without specific advice, as the principles and laws concerned may change, and their application will vary according to the particular circumstances. |
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