Residential property

Residential property guidance:

The Standard Conditions of Sale (SCS) are a set of conditions usually incorporated into contracts for sale for residential property. The Standard Commercial...

Practice Note

A simpler way to rent property in Wales The Renting Homes (Wales) Act 2016 (RH(W)A 2016), received Royal Assent on 18th January 2016. The majority of...

Practice Note

The difference between types of residential tenancies depends on when the tenancy was granted and the legislation in force at that time. There are four main types of...

Practice Note

Solicitors Regulation Authority Code of Conduct 2011 In residential conveyancing the buyer's conveyancer often will also be instructed by the lender to act for the lender...

Practice Note

What additional searches should be undertaken? More specific searches and enquiries may be required depending on the property location, its surrounding area and the...

Practice Note

Introduction to the Agricultural Credits Act 1928 The Agricultural Credits Act 1928 (ACA 1928) created a bespoke form of security that allows a farmer to grant a single...

Practice Note

Reasons for amending security documents and key risks Reasons for amending a security document There are situations where parties may consider amending security...

Practice Note

Sale by a mortgagee destroys the equity of redemption in the mortgaged property. The sale defeats the rights of all subsequent incumbrancers, whose remedy then is only...

Practice Note

While this Practice Note primarily covers commercial property matters, it also touches on residential considerations. Whenever a property is sold, outgoings and any...

Practice Note

Assignment Assignment is the transfer of the interest in the tenancy to another person. Assignment of a secure periodic tenancy is prohibited except in three situations:...

Practice Note

Assignments by way of security can take different forms and it is important to understand how they are created and their effect. Security over choses in action such as...

Practice Note

While this Practice Note primarily covers commercial property matters, it also touches on residential considerations. Registered leases It is compulsory to...

Practice Note

This Note considers registration at HM Land Registry following the assignment of a lease. While this Practice Note primarily covers commercial property matters, it also...

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

When a bankruptcy order is made, a bankrupt’s property normally automatically vests in the Official Receiver/trustee in bankruptcy. However, property owned by the...

Practice Note

Equity of exoneration Where the property of a spouse is charged in order to raise money for the payment of the first spouse’s debts or otherwise for his or her benefit,...

Practice Note