Property Due Diligence 2

Cards (51)

  • What is the primary responsibility of the buyer's solicitor in a property transaction?
    The buyer's solicitor investigates the seller's title.
  • What should a buyer's solicitor look for if the title is unregistered?
    They should look out for a triggering event after 1 December 1990.
  • What constitutes an unbroken chain of ownership?
    An unbroken chain of ownership means there are no gaps in the title history of the property.
  • What are some examples of triggering events?
    Examples include selling, transferring, leasing, or requiring a mortgage on the property.
  • What should be checked if a document refers to an earlier document that is not produced?
    Look for any third-party interests capable of registration as a land charge.
  • What should a buyer's solicitor do if any issues are identified during the investigation?
    Raise pre-contract enquiries.
  • What actions can be taken if a defect in title is identified?
    Enter into a deed of variation and deed of rectification or obtain indemnity insurance.
  • What is the purpose of a Local Search conducted by the buyer's solicitor?
    To check for local financial land charge registrations against the property.
  • What should be done if a local financial land charge exists against the property?
    The buyer's solicitor should raise enquiries and ask the seller's solicitors to repay the charges from the sale proceeds.
  • What is a tree preservation order (PTO)?
    A PTO is a legal order that protects specific trees from being cut down or damaged.
  • What is required if a property is a listed building?
    Authority is needed to make changes from the local authority.
  • What standard enquiries should be made regarding the property?
    Enquiries about road proposals, major gas pipelines, and proximity to common land or village green.
  • What is the purpose of a drain and water search?
    To check the water supply to the property.
  • What does an environmental search check for?
    It checks whether the land is contaminated.
  • What should be done if the seller is a company?
    A company search should be conducted to check if the company is subject to winding up or liquidation.
  • What is required if the buyer is obtaining a mortgage?
    A bankruptcy search should be conducted.
  • What should be sent to the seller/landlord for commercial property transactions?
    A copy of the Commercial Property Standard Enquiries.
  • Why should the buyer attend the property for a physical inspection?
    To check for rights of way or any persons in occupation.
  • What does the Town and Country Planning Act 1990 require from landowners?
    Landowners must obtain planning permission before any development of the land.
  • What types of activities require planning permission under the Town and Country Planning Act 1990?
    Making structural changes, carrying out mining operations, and changing the use of land/buildings.
  • What is the purpose of the Town & Country Planning (General Permitted Development) Order 1995?
    It allows certain developments without the need for express consent.
  • What is deemed permission in the context of planning?
    Deemed permission means permission is granted for specified work without needing to apply.
  • How can a local authority disapply deemed permission?
    By passing an Article 4 direction, especially in conservation areas.
  • What must be done if no deemed permission exists for a development?
    An application must be made to the local authority for express planning permission.
  • What is the difference between detailed permission and outline permission?
    Detailed permission allows development to commence with conditions, while outline permission is broader and subject to reserved matters.
  • What is the time limit for planning permission in England?
    3 years from the date of permission.
  • What is the time limit for planning permission in Wales?
    5 years from the date of permission.
  • What enforcement actions can local authorities take regarding planning law breaches?
    They can require full compliance, such as pulling down or rebuilding incorrectly done work.
  • What is the purpose of enforcement warning notices issued by local authorities?
    To invite recipients to apply for retrospective planning permission when a breach is identified.
  • What is the time limit for enforcement action in England?
    10 years of alleged breach, or 4 years for breaches of change of use or operational development before 25.04.2024.
  • What is the time limit for enforcement action in Wales?
    4 years of alleged breach, or 10 years for breaches of mining operations.
  • What can a local planning authority do if the statutory limits for enforcement action have expired?
    They can apply to the magistrates court for a planning enforcement order if the breach has been concealed.
  • What are building regulations designed to ensure?
    That new buildings are constructed according to certain standards.
  • What must be complied with even if planning permission is not required?
    Building regulations must still be complied with.
  • What does a building control officer do?
    A building control officer inspects work and issues a building regulations completion certificate.
  • What can local authorities do within 12 months from a breach of building regulations?
    They can take enforcement action.
  • What can local authorities seek even after the enforcement period has expired?
    They can still seek an injunction requiring the owner to bring the building up to standards.
  • What should a buyer do if a breach of planning laws/building regulations has passed?
    The buyer may ask the seller to provide indemnity insurance.
  • How are commercial buildings categorized?
    Commercial buildings are placed into use classes.
  • What is required to change the use class of a commercial property?
    Planning permission is required to change the class.