Topic 4 - Property Valuations Flashcards by Tony Baker | Brainscape

Q

What is the general purpose of having a Condition Report?

A

A condition report allows the buyer to understand the general condition of the property. It is limited in scope and rated on a traffic light system. It will also highlight areas for the solicitor to address, such as planning etc.

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Q

Is there any legal recourse for negligence on a Condition Report?

A

Yes

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Q

Is it mandatory to obtain an EPC prior to selling a property?

A

Yes

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Q

What is the purpose of an EPC?

A

It is a report that shows how energy efficient the property is.

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