Due Dilligence Flashcards
What search is required when a property has previous industrial use (risk of contamination)
1st an environmental desktop search.
If this reveals a high risk of contamination then a full environmental survey.
What search is required when mines and minerals are excluded from the title?
An index map search as this means that the mines and minerals are owned by a third party.
The search will reveal if the mines and minerals are registered.
What does a water and drainage search reveal?
If the property is connected and maintained by the mains sewer.
If it’s not enquires should be made as to how waste is dealt with and the costs.
What enquiry/ search should be made when a client acquires land on a green-field site/ adjoining open space?
In the local search submit the optional enquiry of the local authority which covers common land and village green status.
To reveal if the land is affected by common rights (e.g grazing)
What are the requirements for a good root of deed for an unregistered title?
Must be at least 15 years old.
A conveyance of sale is better than a deed of gift or assent.
Is planning permission required for internal structural works?
No, planning permission is not required for works that only affect the interior of the building
What is the enforcement period for when a material, non-residential change of use has been carried out without planning permission?
10 years from the breach.