E-conveyancing takes a step closer

I have just completed my first online Land Registry application. Some pilot firms have been doing this for months, but most of us have continued to submit paper applications by post or Document Exchange. Using the online document registration service has some mild benefits in terms of speed and security, but there is certainly room for further progress.  First, the online system can (currently)...
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Limited companies – what information must be given?

Certain information about every limited company must be given on the company’s paperwork (letterheads, invoices, compliments slips, order forms, emails, etc), or displayed at the company’s registered office and places of business.  Different rules apply to websites and electronic trading. Company name The company name must be shown clearly on – •    the outside of the company’s...
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A smooth handover

For once, a nice, efficient, pub completion today: the Ewe & Lamb at Rolvenden Lane has changed hands; I acted for the sellers and Janet Cousins at Mowll & Mowll in Dover acted for the buyers. She is always efficient and, while still protecting her clients’ interests, co-operative – unlike many solicitors, who seem to think it is part of their job description to be...
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Being held over a barrel

It is fairly common, when buying or selling a pub, to have a simultaneous exchange (of contracts) and completion. Partly this is because the parties’ preferred completion date is too soon to allow for all the pre-contract work to be finished a couple of weeks before the completion date – as a result, the parties often book removal arrangements, etc, on trust. This trust can be...
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Clients slow me down

For the first time in ages, if not ever, I have a client (a publican at that) who has not sabotaged the start of his own transaction by not supplying paperwork, etc, and so slowing me down The pub has been on the market for the best part of a year, but in readiness for finding a buyer, my client sent me the lease, the premises licence, the certificates and reports, asbestos survey, etc, so that...
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Completion of the sale and purchase

On the completion date, the buyer’s solicitor sends the completion money to the seller’s solicitor, who then sends the completion documents to the buyer’s solicitor; at the same time, if the property is leasehold, the licence to assign is completed The completion money comprises the purchase price for the property, the business and the inventory, plus the stock money (some or...
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