Accuracy of contract

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Accuracy of contract

    On a contract for the sale and purchase of a property how accurate do the details of the vendor need to be?

    I am looking at a property where I know the address given on the contract for the vendor has no obvious connection to him and is definitely not where he lives or works.

    I am also wondering if there is any reasonable reason for this sort of misdirection?

    #2
    I am not aware of any requirement to give an actual address as opposed to an accommodation address. Any notice you need to serve will be validly served if served at the address given (unless the contract provides otherwise).

    Comment


      #3
      The vendor's solicitor will have to confirm the vendor's details - you could always ask your solicitor if you are concerned.

      Comment


        #4
        On the current register of title have you verified that the Vendor is the sole Registered Proprietor able to transfer the property?

        Comment

        Latest Activity

        Collapse

        • Reply to Purchase of freehold
          by Drewcole
          Hi, I thought it was a little high considering its two flat with a tiny hallway shared that hasn't been maintained since I've owned.

          I guess I can only try, if I do nothing then I'm letting them get away with over charging on the insurance. £1500 for insurance for the two flats seems...
          11-08-2020, 11:40 AM
        • Purchase of freehold
          by Drewcole
          Hi All,

          I own a 2 bed ground floor flat in a converted Victorian house (2 flats in total) that i have a long lease of 167yrs. I currently pay a ground rent of £160, a service charge of £400 and a insurance premium of £800!

          I have spoken to the owner of the flat above and...
          10-08-2020, 15:16 PM
        • Reply to Buying house with sitting tenant
          by Gordon999
          Yes, you should arrange for new AST rental agreement because the last one is in the previous owner's name and no longer valid. You have no legal right to hold the tenants deposit without AST agreement. .
          11-08-2020, 10:37 AM
        • Buying house with sitting tenant
          by carolem
          Residential house for sale with tenant holding over. AST for 6 months granted by letting agents of current owner in November 2019. Since it expired tenant been holding over and paying rent etc. As a potential purchaser who wants to buy it as investment with tenant in situ are there any issues for me...
          07-08-2020, 13:20 PM
        • Reply to Purchase of freehold
          by Gordon999
          If you find alternative companies are quoting much lower insurance premium, you can ask the current broker to declare how much commission has been paid and then you consider making application to FTT for judgement on the reasonable cost of the buildings insurance. ,

          I think your current...
          11-08-2020, 09:17 AM
        • Reply to Purchase of freehold
          by Drewcole
          Thanks for the replies, so I've had a quick look online to. See how long the lease is on the other flat, she seems to have about 63yrs remaining so the cost to try a purchase the freehold myself is a no go.

          I will write and request the insurance info and try and go down that route. Is there...
          11-08-2020, 07:12 AM
        • Reply to Purchase of freehold
          by Gordon999
          It requires both flats in a building with 2 flats ) to participate in compulsory freehold purchase. See last sentence in section 2 in the free guide.

          https://www.lease-advice.org/advice-...tting-started/

          If the buildings insurance is £800 per flat, you are probably...
          10-08-2020, 18:00 PM
        • Reply to Purchase of freehold
          by Anna1985
          I would check how long is downstairs lease.
          and then would run the estimated costs freehold on lease calculator.
          And go from there.
          10-08-2020, 17:52 PM
        • Reply to Documentation for renovations on share of freehold flat
          by Basecamp
          Thank you for your responses. We will consult w lawyer to have the Deed updated with the new floor plan....
          08-08-2020, 09:16 AM
        • Documentation for renovations on share of freehold flat
          by Basecamp
          We are a first floor flat, share of freehold with the ground floor flat. We both have a 999 year lease. In 2014 we did a loft conversion. We had a party wall agreement with the other share of freeholder flat, planning permission and it has all been signed off by building control. However, should we...
          06-08-2020, 10:45 AM
        Working...
        X