The contract for buying a property is a legally binding document that sets out the terms and conditions of the sale. It's crucial to review this document carefully with your solicitor to ensure your interests are protected.
Your solicitor will conduct an initial review of the draft contract and raise any immediate concerns or queries with the seller's solicitor.
Various searches will be conducted to uncover any issues that might affect the property or its value, such as planning permissions, flood risks, or local developments.
Your solicitor will raise specific questions about any unclear or concerning aspects of the contract with the seller's solicitor.
Once all enquiries are satisfied and searches completed, your solicitor will review the final version of the contract with you before proceeding to exchange.
Ensure the contract clearly defines property boundaries and any shared access rights.
Check for any planning constraints that could affect future property development.
For leasehold properties, review service charge arrangements and ground rent details.
Verify that any modifications to the property have necessary approvals and documentation.
While this guide provides an overview of the contract review process, it's essential to work with a qualified solicitor who can provide professional legal advice specific to your situation. They will ensure all necessary checks are completed and your interests are protected throughout the purchase process.