Law Society publishes FAQs on climate change and property practice note
The Law Society has published supplementary FAQs addressing common questions from solicitors regarding its climate change and property practice note. The FAQs cover topics such as additional sources of climate risk information, transactional document requirements, and procedures for conducting climate searches. They also clarify when to commission climate searches, how to handle client-commissioned climate searches, and how to choose appropriate environmental search providers. In addition, the FAQs include sample wording for transactional documents and explain the key types of climate-related risks in property transactions, including physical, transition, and legal or liability risks.