Mining searches- FS Flashcards
What is the primary purpose of a mining search in property transactions?
To determine whether the property is in an area where coal mining has occurred or may occur in the future, and to identify risks such as subsidence.
What is subsidence and why is it relevant to mining searches?
Subsidence is when the land partially collapses, often due to underground coal shafts, which can cause structural damage to properties.
What is the official form used to request a mining search?
Form CON29M, submitted to the Coal Authority.
What key risks might be revealed in a CON29M mining report?
Risks of past underground mining, future mining activity, and mining-related subsidence.
Why is a mining search considered essential in some property purchases?
Because the presence of old or active mine shafts can present serious structural and safety risks, including the potential collapse of land or buildings.
What might a red flag look like in a mining search result?
The report may state “known or potential coal mining risks”, indicating issues that require further investigation or caution.
What practical advice should a solicitor give if mining risks are identified?
Advise the client of the risk and potentially recommend further expert surveys, or reconsideration of the purchase.
What might be the consequence of not conducting a mining search in a risk-prone area?
The buyer could unknowingly purchase property that later suffers from subsidence or collapse, leading to significant financial and safety concerns.
