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What is Legal Pack and why is it important?
A legal pack is an information pack that contains the documentation prepared by the seller’s solicitor, that relates to a property and is typically provided to potential buyers at a property auction. The Legal Pack is intended to provide buyers with important information about the property, including any legal issues or potential risks that may affect its value. These are available to download at the property details page on our website. A hard copy will usually be available on request via post or a soft copy can be sent via email too.
The essentials of a Legal Pack are:
- Official Copy of Register of Title (Office Copy Entry)
- Land Registry and Local Searches
- Special Conditions of Sale
- Property Information Form (TA6)
- Fixtures and Fittings Form (TA10)
- Management Information Form (TA7)
- Leases
- Tenancy Agreements
- Planning Permission Documentation
- Any Insurances of the Property
- Building Survey Report
The auction team recommends that all elements of the legal pack are inspected by those wishing to bid and their legal advisors. The special conditions of sale will include important information such as the completion date, any additional disbursements that become payable on completion, and overage clauses.
The Legal Pack is an important resource for potential buyers as it allows them to make informed decisions about whether to bid on a property. It is also used by the auctioneer to provide potential buyers with information about the property and any legal issues that may affect its value and make buyers aware of any potential risks or issues related to the property and can make informed decisions about whether to bid on it.
- Puja Mehra
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