Due Dilligence 2 Flashcards
What is a survey/personal inspection for ?
Psychical condition of the property
What is a local search ?
To identify matters imposed by or known to the local authority
What is a water and drainage search for ?
To establish connection to a public sewer and public water supply
What is a Pre contract enquiries of the seller for ?
Seek Info the owner/occupier of property can be expected to know
What is environmental searches for ?
To identify contaminated land
What is a flood search for ?
To identify whether the property is at greater then normal risk of flooding
What are chancel repairs search for ?
To identify potential liability to pay for repairs to the chancel of a church of English parish church
What is coal mining searches for ?
To establish whether property is in coal mining area and whether claim for substances
What is a canal and river trust searches ?
To establish liability for maintenance of waterways and banks
What is a commons search for ?
To check that property is not protected as common land or a town and village green
What is a railway search for ?
To establish liability for boundary maintenance
What is a highways search for ?
Whether verges and pavements are publicly maintained
What is an index map search for
To see if land is already registered or pending or caution against first registration
What is land charges search for ?
See if encumbrances have been protected by registration against relevant estate owner so as to be binding on buyer q
What is bankruptcy search for ?
Check no insolvency or bankrupts