Any rights from which the property benefits over the land of another, such as a right of way or a right drainage
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You're acting for a buyer purchasing a property with a mortgage over it. What should you do to protect your client's best Interest?
Obtain an undertaking from the seller's solicitor to discharge the mortgage following completion.
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Which methods of exchange for contracts are there?
Formula A
Formula B
Formula C
Personal Exchange
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What is Formula A exchange?
Used if one solicitor (usually the solicitor acting for the seller) holds both signed copies of the contract
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What is Formula B exchange?
It is used when each solicitor holds his client's signed copy of the contract.
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What is Formula C exchange?
Used where there is a long chain of related transactions, where it is necessary to co-ordinate the synchronised exchange of contracts along the chain. No such chain is indicated on the facts
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Other cards in this set
Card 2
Front
What does the absence of a restrictive covenant indicate?
Back
A Joint Tenancy
Card 3
Front
What does a restrictive covenant in a tenancy agreement indicate
Back
Card 4
Front
Which covenant can't run through land
Back
Card 5
Front
Who decides whether a report should be made to the Serious Organised Crime Agency (SOCA) ?
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