From agreement to completion.
WHAT THE STAGES TYPICALLY ARE
Agreement on terms Due diligence Preparation of documents Payment, usually in stages Execution of the transfer Application for consent Registration
WHAT TO AGREE IN WRITING FIRST
The property, precisely The price The payment schedule What happens if either party withdraws Who bears which costs The timeline
WHY IN WRITING FIRST
Verbal agreements on property are disputed constantly.
WHAT TO ESTABLISH ABOUT COSTS
Who pays for consent, registration, agency and legal fees.
WHY
They are substantial and their allocation is frequently assumed.
WHAT TO NEVER DO
Pay in full before verification is complete Pay to anyone other than the verified owner or their solicitor Pay in cash without documentation
WHAT TO STRUCTURE PAYMENT AGAINST
Verified stages.
WHAT TO WITHHOLD
A portion until documents are delivered.
WHAT EXECUTION REQUIRES
Signature by the correct parties Witnessing, as required Stamping, where applicable
WHY STAMPING MATTERS
An unstamped instrument may be inadmissible in evidence.
WHAT REGISTRATION PROVIDES
Notice to the world of your interest.
WHY IT MATTERS
Unregistered interests are vulnerable.
WHAT TO PLAN FOR
Consent and registration taking substantial time.
WHAT TO KEEP
Originals, securely, and copies separately.
WHAT TO VERIFY AFTERWARDS
That registration actually completed.
