Property (Freehold) - Forms and Certificates (14) Flashcards
Pre-Contract Stage
What is the name of the certificate that provides information on energy efficiency?
Energy Performance Certificate
Provides information on energy efficiency. Useful to determine future energy costs.
Pre-Contract Stage
What is the document that is prepared by the buyer’s solicitor for the lender certifying that the seller can sell and that the property is not affected by legal issues?
Certificate of Title
Document prepared by buyer’s solicitor certifying that the seller can sell and that the property is not affected by legal issues. Important for a lender to receive. Differs for residential and commercial.
Pre-Contract Stage
What is the name of the document that details the terms and conditions of a mortgage loan, i.e. interest, repayment, premiums?
Mortgage Terms
What is the name of the legal document that creates the mortgage, giving lender right to possession in instance of default?
Mortgage Deed
Pre-Contract Stage
What are the documents proving evidence of title? If registered, shows registers. If unregistered, may need to construct an ‘epitome of title’. Reveals restrictions and notices over the land.
Title Deeds/Official Copies
Pre-Contract Stage
What is the name of the preliminary contract of sale outlining terms and conditions of property. Is revised before exchange. Drafted by the seller’s solicitor.
Draft Contract
Pre-Contract Searches and Enquiries
What is the name of the form completed by seller providing information about property, such as utilities and disputes. Not obliged to respond to most queries (caveat emptor)?
Form TA6
Pre-Contract Searches and Enquiries
What is the name of the Local land charges search, containing details of legal restrictions over property, such as tree preservation orders, smoke restriction orders, conservation designations orders etc?
Form LLC1
Pre-Contract Searches and Enquiries
What is the name of the standard form of enquiries from local authority, i.e. planning permissions, environmental risk?
Form CON29
Pre-Contract Searches and Enquiries
What is the name of the optional form used to request additional information from local authority, such as highway matters and proposals for new developments and common rights?
Form CON29O
Pre-Contract Searches and Enquiries
What is the name of the form used to request information about water and drainage?
Form CON29DW
Pre-Contract Searches and Enquiries
What is the form used to request information about water and drainage for commercial properties?
Form CommercialDW
Pre-Contract Searches and Enquiries
What is the form used to request information about mining activity and subsidence risk?
Form CON29M
Pre-Contract Searches and Enquiries
What is the form used to request information about other registered titles over the same land?
Form SIM
Pre-Contract Searches and Enquiries
What is the search name for land charges search against current and former owners of the property?
Form K15