The following Property practice note provides comprehensive and up to date legal information covering:
More specific searches and enquiries may be required depending on the property location, its surrounding area and the buyer’s plans for the property. Consider its proximity to railway lines (over and underground), waterways, quarries, mines, electricity pylons and cables, gas pipes, oil pipes and telecommunication cables. Virtually all searches can now be obtained from the National Land and Property Information Service (NLIS). The following list is non-exhaustive.
This is a search of the Coal Authority’s mining records and will reveal whether the property is at risk of mining related subsidence. It should be carried out if the property is in a coal mining area (such as Yorkshire, Tyneside, Nottinghamshire, parts of the Midlands and Wales). A list of affected areas is available on the Coal Authority website.
The results will reveal:
in relation to underground mining, whether the property is in an area that is likely:
to have been affected by past mining operations, when the mines were last worked and whether ground movement caused by the mining should now have stabilised
to be affected by current mining operations. A positive response must be reported to the insurer and the lender due to risk of subsidence
to be affected by future mining operations
whether there are any old shafts or adits within 20m of the property. If an entry
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What is a company's constitution?A company’s 'constitution' is defined under the Companies Act 2006 (CA 2006) as including:•the company’s articles of association, and•any resolutions and agreements affecting a company’s constitutionThe CA 2006 definition of 'constitution' is not exhaustive and also
A limited company that proposes to issue redeemable shares must comply with the provisions of the Companies Act 2006 (CA 2006).Why do companies issue redeemable shares?A company may wish to issue redeemable shares so that it has an alternative way to return surplus capital to shareholders without
This Practice Note is an archive of news from the Loan Market Association (LMA) on LMA documentation and related topics. It covers LMA updates from early 2013 to January 2016. For the latest LMA developments since January 2016, see Practice Note: Loan Market Association (LMA)—latest news on
Definition of automatismAn act is done in a state of automatism if it is done by the body without control by the mind, (eg it is a spasm or a reflex), or if it is done by a person who is not conscious of what they are doing. The act may be described as involuntary, but will not be regarded as such
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