The Role of Property Solicitors in Residential Property Development

1. The Role of Property Solicitors in Residential Property Development Property solicitors do everything right, from searching for property to resolving disputes. They are responsible for conducting due diligence for the property to know if the title is clear for the sale purpose. Then they have to make title search reports per the client’s requirement. They also check for any pending mortgages and litigation on the property to find reasonable and amicable solutions. In addition, they also draft the MOUs, lease agreements, leave and licence agreements etc. Thorough understanding A property solicitor has to possess a thorough knowledge of the various laws, regulations involved in the real estate. They need to be able to provide an end-to-end service to the potential client. For example- a client may come to them for a title search certificate or licence agreement, or a developer may come for the understanding of the contractual obligations. A thorough knowledge of the relevant laws is essential for property solicitors. Contract drafting Every solicitor must know how to draft a contract. They must be aware of the laws as well as how to draft them as needed by their clients. For example- A house owner entering into a licence agreement party leasing the property from another needs a real estate solicitor to help them draft the necessary agreements and provide advice accordingly.

2. Dispute resolution If disputes arise over the immovable properties, one must approach the court. Therefore, the solicitors must know the dispute resolution mechanism, the procedures etc. They must be able to find amicable solutions for the client, and it requires a thorough understanding of the laws involved, analysis of the agreements and procedural knowledge. He must clearly advise his clients on potential issues cropping up and must safeguard them when needed. Enquiries Your solicitor will raise all the necessary enquiries with the other party’s solicitor. It will ensure that all information you need to legally transfer the property into your name is provided so you have the needed information in order to be able to sell the property without any issues in the future. Stamp Duty Properties bought for over £125,000 in England or Northern Ireland are required to Stamp Duty; therefore, your solicitor can ensure you pay the correct amount.   Land Registry The solicitor registers the property with a land registry and obtains a new title deed for you. This is the document which will highlight the ownership of the property.   Looking for property solicitors in Bexley? If you’re looking for property solicitors in Bexley, look no further than TP Legal Ltd. The team has a wide range of experience with all types of residential development projects in the housing sector. The team is one of the largest in the UK and is able to provide legal services throughout the entire cycle of the residential development project. Visit the website and learn more about the services o?ered- https://www.tplegal-ltd.com/ or call- 01483 751 878.