LPC Law Notes > Cambridge And Oxilp And College Of Law LPC Law Notes > Property Law and Practice Notes

Sale And Purchase Of Freehold Notes

This is a sample of our (approximately) 3 page long Sale And Purchase Of Freehold notes, which we sell as part of the Property Law and Practice Notes collection, a Distinction package written at Cambridge And Oxilp And College Of Law in 2016 that contains (approximately) 450 pages of notes across 126 different documents.

Learn more about our Property Law and Practice Notes

The original file is a 'Word (Docx)' whilst this sample is a 'PDF' representation of said file. This means that the formatting here may have errors. The original document you'll receive on purchase should have more polished formatting.

Sale And Purchase Of Freehold Revision

The following is a plain text extract of the PDF sample above, taken from our Property Law and Practice Notes. This text version has had its formatting removed so pay attention to its contents alone rather than its presentation. The version you download will have its original formatting intact and so will be much prettier to look at.

Sale & Purchase of a Freehold Seller Take instructions:

Due diligence checks on client's identity (and ensure that it is a company, etc.)

Check for money laundering Prepare pre-contract package:

Draft contract

Evidence of seller's legal title to the property

Pre-contract search results to forewarn them of any problems

Any consents for Planning Permission/Building Regs

Both

Buyer Take instructions:

Due diligence checks on client's identity (and ensure that it is a company, etc.)

Check for money laundering

Investigate title:

Analyse pre-contract package

Identify defected titel

Does seller have good title?

If also acting for Lender, prepare a report on title for them at this point. Is it worth the money advanced Pre-contract searches:

Note: caveat emptor

This is very important

Check buyer's finances: does he have enough, considering deposits, fees and SDLT?
Approve draft contract:

Return the contract to Ssol

State that you

****************************End Of Sample*****************************

Buy the full version of these notes or essay plans and more in our Property Law and Practice Notes.

Related Property Law And Practice Samples: