Topic 4 - Pre-searches and Enquiries Flashcards
(72 cards)
What is the purpose of a report on title?
To report to the client on the investigation of title, search results, and replies to enquiries
A report on title can take the form of a letter or a standalone document.
What does the principle of ‘caveat emptor’ imply for buyers?
Once contracts are exchanged, the buyer has no means of objecting to issues that arise.
What should the report on title state regarding the solicitor’s liability?
- It should state that it is based on reviewing title documents, search results, and replies to enquiries.
- Limitations of liability should be clearly set out.
What does CCS 6.4 require from solicitors?
To ensure that the client is made aware of all information material to the matter of which they have knowledge.
What does CCS 8.6 require from solicitors?
To give clients information in a way that they can understand.
What is the purpose of pre-contract searches?
To find out as much as possible about a property before the buyer becomes contractually committed.
Who usually carries out searches for a property?
Usually the buyer’s solicitor.
What is a ‘local search’?
Enquiries of the local authority covering matters related to the property.
What are standard searches that must be conducted?
- Local search (CON29)
- Drainage and water enquiries
- Desktop environmental search
- Chancel repair liability
What is the purpose of the drainage and water search?
To check if the property drains to a public sewer and is connected to mains water supply.
What does the desktop environmental search indicate?
Potential contamination of land and likelihood of flooding.
What is chancel repair liability?
Responsibility for the repair of a church roof shared between the church and parishioners.
What does a highways search reveal?
Whether roads included in the search are adopted highway maintained by the local authority.
What is the purpose of a coal mining search?
To identify the risk of subsidence in areas subject to coal mining.
What is the difference between a Phase 1 and Phase 2 environmental survey?
- Phase 1: Desktop search, no site inspection
- Phase 2: Involves site inspection and testing soil/water samples.
What information does the local land charges search (LLC1) provide?
- Planning permissions
- Planning enforcement or stop notices
- Tree preservation orders
- Conservation areas
- Listed building status
What is the significance of Form TA6 in residential property transactions?
Contains information about boundaries, alterations, work done, and neighbour disputes.
What should the buyer’s solicitor do if they identify issues during their investigation?
Raise additional enquiries with the seller’s solicitor.
What is the purpose of the Index Map Search (SIM)?
To show the extent of registered titles and unregistered land within the area searched.
What is a bankruptcy search (K16)?
Carried out against the seller to check if they have gone into liquidation or been dissolved.
True or False: A seller can decline to answer enquiries if they have no knowledge of the property.
True
What are searches and enquiries used for in property transactions?
To build up a completely full picture of the property
What is the local search?
A combination of various searches including the local land charges search (LLC1) and local authority enquiries (CON29 and CON29O)
What does the local land charges search (LLC1) reveal?
Planning information about the property