The Legalities of Buying Land: The Role of a Solicitor
Buying land is a huge endeavour. But with the help of dedicated property agents, the process becomes relatively easier and the sale process will run smoothly as possible with less legal hitches.
You might think it is easy to carry out legal work yourself. However, you have to know that this matter requires thorough knowledge and expertise. Therefore, you have to acquire the assistance of a lawyer, especially one who specialises in real estate law to obtain the following services.
During the buying process, he will check and get a copy of the title deeds or the land registry records of the land to ensure that the seller can legally sell to you the property. Your solicitor must not only make sure that the seller legally owns the land sold to you, but also all legal rights required come with the lot. He must ensure that no burdensome conditions are connected with the usage of the land that may limit/restrict its future use.
Once the deeds are examined, your lawyer will do a number of legal searches with the local authority. This is to make sure that no problems will slow down or will cause problems with the transaction. He must also make sure to learn there are any plans of building houses or roads within the vicinity.
Your solicitor will also determine any stamp duty costs owed to the government. This is dependent on the cost of the land.
Your lawyer, together with your seller's solicitor, will draw up contracts stating the sale conditions. He must ensure that the contract is legally binding, with all necessary terms and any legal provisions stated.
There are still other tasks that your solicitor can do for you concerning property acquisition. And if you're interested in buying a land, it is also smarter to also transact with the help of a reliable land agent company to increase your chance of a successful sale.
For your own guidance, check out the following resources.