Chapter 5: Buyer's pre-contract searches and enquiries Flashcards

1
Q

Which three pre-contract searches are always conducted?

A
  1. Local search
  2. Drainage and water search
  3. Environmental search
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2
Q

What is a local search?

A

Search of information held by local authority.

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3
Q

What are the three parts of the local search?

A
  1. Local land charges
  2. Enquiries of local authority
  3. Optional enquiries of local authority- includes common land and town and village green enquiry
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4
Q

What information will a local land charges search reveal?

A
  • General and financial charges owed to the local authority in relation to the property. E.g. local authority has paid fees for homeowner to go into care pending sale of property
  • Planning agreements
  • Whether there are any listed buildings on the property
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5
Q

What are enquiries of the local authority and what do they reveal?

A

Part of the local search which is a standard set of enquiries

E.g. Whether there are public rights of way over property

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6
Q

What are optional enquiries of Local Authority?

A

Optional searches undertaken for additional fee.

E.g. Whether property abuts village green

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7
Q

What type of information will a drainage and water search provide?

A

Whether property is connected to public water supply and public foul drainage system

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8
Q

What type of information will an environmental search provide?

A

An environmental search reveals issues with the land and whether it has been contaminated

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9
Q

What are the three types of transaction specific searches?

A
  1. Search of index map (if property is unregistered)
  2. Bankruptcy search (if buyer is getting mortgage)
  3. Company search (if seller is a company)
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10
Q

What search should a buyer themselves undertake?

A

A physical search of the property to look for evidence of a right of way, a person in occupation and the physical condition of the property

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11
Q

What is the commercial equivalent of the Property Information Form?

A

Commercial Property Standard Enquiries.

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