The property

The property guidance:

Why are lenders concerned about environmental risk? The ever growing number of environmental laws has affected the way that lenders perceive environmental risk and has...

Practice Note

Lenders' risk exposure Lenders are increasingly concerned with environmental risk in their day to day secured lending businesses. All major UK banks now have to make, to...

Practice Note

Land Charges searches are not required for dealings with registered land, but if you are acting for a lender in connection with a charge over an interest in property,...

Practice Note

Under the Law of Property (Miscellaneous Provisions) Act 1994 (LP(MP)A 1994), the seller will normally provide covenants for title, in standard form, by...

Practice Note

The CRC Energy Efficiency Scheme (CRC Scheme) is a mandatory emissions trading scheme in the UK that aims to cut carbon dioxide emissions and improve energy efficiency in...

Practice Note

A valuer estimates or assesses the worth or value of, or fixes a price for, a property. This note does not cover the liability of a valuer acting as an arbitrator. Margin...

Practice Note

When transferring an interest in land, any fixtures form part of the land and are transferred with it, unless there is express provision to the contrary. Fittings (also...

Practice Note

STOP PRESS: The Insurance Act 2015 came into force on 12 August 2016 and made some fundamental changes to the commercial insurance regime as contained in the Marine...

Practice Note

This Practice Note sets out the key property related documents and information used or reviewed by real estate lawyers in an investment finance transaction along with...

Practice Note

Land contamination liabilities The main types of liabilities associated with land contamination and water pollution are summarised in Table A. Table A—Summary of main...

Practice Note

What is a letter of non-crystallisation? A letter of non-crystallisation is required by a buyer’s/lender’s solicitor to confirm that: • a floating charge has not...

Practice Note

Official search with priority—registered land or seller’s title pending first registration How and when to search? An official search with priority will only protect: • a...

Practice Note

The properties owned by a company can be acquired by one of two methods: • a purchase of assets owned by the company (an asset purchase), or • a purchase of shares in the...

Practice Note

This Practice Note provides a summary of the purpose, nature and scope of the property aspects of the due diligence process that is carried out by the buyer in an asset...

Practice Note

Date and frequency The frequency of a rent review is a matter for negotiation. The most common period in practice at the moment is every five years. Usually rent reviews...

Practice Note

STOP PRESS: The Law Commission has finally launched its 13th Programme of Law Reform. The 14 new project areas include chancel repair liability. The announcement...

Practice Note

In both investment and development real estate finance transactions (REF transactions), lawyers will also play a key role in negotiating all the documentation. Real...

Practice Note

On the disposition of a property (whether by way of conveyance, transfer or charge), the party making the disposition will normally provide a title guarantee which...

Practice Note

Title to a charity's properties may be held: • in the names of the individual trustees (if the charity is a trust) • in the name of a company (either because the charity...

Practice Note

A certificate of title (also known as a certificate on title) is a particular species of report on title. When solicitors are instructed to investigate title to land (for...

Practice Note

A good marketable title is shown where a seller is able to deduce a good title to the property he has contracted to sell. The seller is not required to show a perfect...

Practice Note

A valuer estimates or assesses the worth or value of, or fixes a price for, a property. The note does not cover the liability of a valuer acting as an arbitrator, nor...

Practice Note