If incorrect or incomplete, this may invalidate the contract – even after settlement occurs. Significant penalties may apply and Court action usually occurs. … [Read more...]
What’s required?
A mandatory Property Interest Report (PIR) obtained from approved Government Departments. A formal information search undertaken by the Council within which the land/property is situated. Information concerning the use and development of the land/property usually supplied by the Seller’s themselves, this might incudes things such as; Are you aware of any manufacturing activities, the … [Read more...]
It’s the Law!
Sections 7 and 9 of the Land and Business (Sale and Conveyancing) Act 1994, require the Seller and the agent to provide certain information to a Buyer of land/property. This is called the Form 1 and will provide the basis of the information provided to the Buyer and therefore must be completed accurately. … [Read more...]
