Property Practice I: Freehold Real Estate Law and Practice
Description
A detailed overview of the English and Welsh property conveyancing process, the legal procedure for transferring property ownership. The texts distinguish between freehold and leasehold ownership and structure the conveyancing timeline into five key stages: pre-contract, exchange, pre-completion, completion, and post-completion. Significant focus is placed on the pre-exchange stage, detailing the importance of due diligence, title investigation, the memorandum of sale, and the necessary contents of the contract bundle, including specific forms for freehold and leasehold properties. Additionally, the sources explain the Law Society Conveyancing Protocol, a set of guidelines for residential transactions, and thoroughly describe the exchange stage, including the use of Standard Conditions of Sale, Special Conditions, and the various Law Society Formulae (A, B, and C) used to legally bind the transaction.
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