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Property Reports

Get Property Report with Property Value Estimate

Get Property Report with Property Value Estimate

Buying or selling a property can be complicated. There's the conveyancing process, which handles the legalities of the transfer from the seller to the buyer. There's the search for a home loan, which can be challenging. And there's the hunt for the perfect property, which can require some patience. Most people who buy and sell houses are familiar with the conveyancing process, but that's just the tip of the iceberg. There is an entire industry dedicated to helping people buy or sell the property. When purchasing a property conveyancing solicitors are supposed to provide you with specific types of reports. Such reports can be combined or handed to you separately based on the requirement when purchasing. One of these reports is known as the property report. A property report is a report that details any known problems with the property, including any outstanding building, plumbing and electrical faults, and any rising damp. This report is often referred to as a property disclosure statement, disclosure certificate, or certificate of title.
There are specific mandates that are included in property reports, such as:
Requiring landlords to commission a property report for each new tenancy agreement; Banning letting agents from charging tenants a fee for obtaining a disclosure certificate, and; Requiring all prospective tenants to have a copy of their report before signing their tenancy agreement. Individual information of all involved parties for all the licenses and leases, along with any details of superior landlords or any subordinate tenants. Details regarding the occupation and possession of property rights once the sale has happened Details of the lease or license terms regarding the property, such as the period of lasting and terms for renewal, amount for rent inclusive of rent reviewing provision, and service charge obligations. This property report is a confirmation regarding the usage details of the property.
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