FLK2 Property Practice

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7 Terms

1
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In Wales, when can a local authority take enforcement action against a person that does not comply with building regulations?

Within 12 months of the breach

EVEN AFTER deadline has passed, they can still bring an injunction requiring the owner to bring building up to standards

2
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How long is an EPC certificate valid for?

10 years

3
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Unless the solicitors agree otherwise, what method will be used to prepare for completion in the Law Society’s Conveyancing Protocol?

Completion will be by post

4
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After planning permission has been granted for work, when must it commence?

Within 3 years from the time the permission was granted

5
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What is the usual method of completion under the Law Society’s Conveyancing Protocol?

By post!

6
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Under the standard conditions of sale, how will the sellers solicitor hold the buyers deposit as?

As stakeholder - meaning funds will not be released until COMPLETION

7
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If a buyer agree that the deposit will be held by a solicitor as agent, what does this mean?

It means the buyers deposit will be held by the seller’s solicitor and MAY be paid over to the seller immediately after EXCHANGE has taken place