Report on Title
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Are Property Lawyers Sleepwalking Into Leasehold Nightmare?
Property lawyers in England and Wales are sitting on a potential time-bomb as one and a half million leaseholders face an increased risk of their property plummeting in value, or even becoming unmortgageable. What has changed? A number of lenders have recently increased their minimum unexpired lease term requirements to 85 years. The consequences of…
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Client Care 101: Advising on What You Don't Advise On
The second part of Client Care 101 illustrates the importance of what you say in your retainer letter or in your ROT (or preferably both). Solicitor Justin from firm ABC receives a call from Mr. Green who asks for a quote on a purchase. During the conversation Mr. Green talks about how it is his…