Report on Title update
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The Lease Extension Bill Arrived When I Tried to Sell. What Was Explained When I Bought?
The article discusses challenges faced by flat owners during sales when lease extensions are necessary. It highlights how unexpected costs can arise from decreasing lease terms, affecting financing options and buyer requirements. Owners are advised to seek clarity about extension quotations and evaluate original purchase advice to understand potential funding obstacles before selling.
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Manorial Rights on the Title: What Should the Buyer Be Told?
A title entry refers to former copyhold land and rights reserved to the lord of the manor. The property is an ordinary house, the seller reports no difficulty and the buyer intends to continue using it as a home. What should the Report on Title say? Simply reproducing the entry leaves the buyer to interpret…