There are two main types of management company. In this blog, we look at the key differences between the two and how to decide which one might be the best option for your development.
A road or sewer system becomes "adopted" when responsibility passes to the highway authority (typically under a Section 38 Agreement) or sewer undertaker (typically under a Section 104 Agreement).
A formal document required to transfer ownership of property to the beneficiary following the death of the owner.
A person formally appointed to act on behalf of another, either generally or for a spe
Approval by the local authority on the design, structure, and materials used in building work. (Not the same as Planning Permission.)
The final stage of a property transaction when money and ownership change hands.
A breakdown of all receipts and payments related to a property transaction.
A legal agreement between buyer and seller, setting out all rights and obligations when a property changes hands.
A commercial lease where Security of Tenure does not apply.
A deed transferring ownership of unregistered land.
A legally binding promise:
Commercial Property Standard Enquiries, a common form of preliminary questions in property transactions.
The process where a seller’s solicitor proves legal ownership of the land.
Payments made on a buyer’s behalf, such as search fees or Land Registry fees.
A preliminary version of a legal document before final approval.
The investigations a buyer undertakes to assess the value and risks of a property before purchase.
A legal right benefiting land, such as a right of way.
The final, official version of a document ready for signature.
The point at which both parties become legally bound to complete the transaction.
When part of a property is built over another without shared ownership of the underlying land.
Absolute ownership of land and property.
Planning approval allowing development, subject to conditions.
The owner of a leasehold property who grants tenancy to a tenant.
The government body maintaining property ownership records in England and Wales.
The document outlining a tenant’s rights, responsibilities, and duration of tenancy for a leasehold property.
Ownership of property for a limited period, subject to a lease.
A loan secured against a property, ensuring repayment before sale.
Approval in principle for development, requiring further details later.
An additional payment beyond the purchase price, often based on future development profits.
Questions asked by a buyer’s solicitor to clarify property details before exchange.
A right allowing public access across land.
Property recorded at the Land Registry.
A formal enquiry requiring a response as part of Deduction of Title.
See Covenant.
Enquiries made with authorities (e.g., Local Authority, Environment Agency) about property-related matters.
The legal right of a commercial tenant to renew their lease, unless Contracted Out.
Ongoing payments in leasehold properties covering maintenance, insurance, and shared facilities.
A tax paid on property purchases, calculated based on price and lease terms.
A legal order closing a Public Right of Way.
The leaseholder who occupies a leasehold property.
The duration of a lease.
Proof of property ownership, which may be Freehold or Leasehold.
A document transferring ownership of registered land.
Property ownership that is not recorded at the Land Registry and must be proven through historic title deeds.
A contract allowing utility providers (e.g., electricity, telecoms) to install equipment on private land.
To speak to a solicitor about our residential developer services, get in touch with Switalskis today by calling 0800 138 0458 or contact us through the website.
There are two main types of management company. In this blog, we look at the key differences between the two and how to decide which one might be the best option for your development.
When purchasing a new build property buyers expect a smooth transaction. However, title issues can sometimes cause significant delays and complications. In this blog, we’ll explore the common title issues that arise in new build plot sales and the proactive solutions that can be put in place to avoid or resolve them.
When developing a new residential estate, the long-term harmony of the development often hinges on well-drafted and enforceable covenants. Here, we look at the key things to consider when drafting covenants and restrictions which stand the test of time.
In this blog, we’ll explore the pros and cons of part exchange schemes for property developers and how solicitors can play a key role in ensuring these transactions are as efficient and streamlined as possible.
To speak to one of our residential development solictors, call us today on 0800 1380 458 or get in touch through the website.
There's a lot to account for when you are setting up a residential property development, and it's crucial to be thorough in your approach. Trust the legal expertise of the team at Switalskis, and we'll handle the difficult aspects as efficiently as possible on your behalf. To demonstrate what makes our approach different, we've made the following commitments:
Residential development can be full of legal nuances, so it's vital to make sure your plans are watertight before you move ahead. The expert team at Switalskis can review documents, break down terminology and make sure you understand your legal obligations, so you can make decisions with confidence.
We take the time to understand your expectations and to explore and establish targets for your projects.
We understand the practical aspects of residential development not just the legal background and formalities. We've got years of experience and a raft of satisfied clients to prove it. When you come to Switalskis, you can rest easy knowing you're in safe, skilled hands.
Our main goal is to get you the best outcome possible. We go the extra mile to protect your interests. We’re always working to manage and mitigate business risks.
Contact our property development solicitors today for comprehensive support or bespoke services tailored to your specific needs. Call us on 0800 1380 458 , or get in touch through the website today.
Contact our property development solicitors today for comprehensive support or bespoke services tailored to your specific needs. Call us on 0800 1380 458, or get in touch through the website today.