Your Details
| No. | Query | Comment/Reply |
|---|---|---|
| 1 | Confirm the correct name of the development | It is important to ensure that all parties are using the same naming scheme from the outset |
| 2 | Confirm the Identities of the Vendor and Developer | For tax planning or other reasons it may happen that the land owner and developer are two separate entities. This needs to be confirmed at the very start of the development |
| 3 | Is there a requirement for a Management Company? | If it is not intended that the Roads and services will ultimately be taken in charge by the Local Authority, it will be necessary to incorporate a Management Company as soon as possible. |
| 4 | Confirm whether the development directly abuts the public services or whether it will be necessary to run services across adjacent lands to link up with services. | If it is necessary to run services across adjacent lands, it is necessary to ensure that the appropriate way-leaves are in place and that the Transfers to the Purchasers are properly prepared to reflect that fact. This is to avoid queries arising in the future. |
| 5 | Confirm which sites (if any) are affected by ESB or other way-leaves | If any of the houses are affected by a Way-leave, it will be necessary to tailor the contracts and transfer documents to take account of the way-leave; this should be dealt with at the outset. |
| 6 | Confirm the notional value of the site price for stamp duty purposes | This is an accounting exercise to be carried out between the client and their auctioneer, and is of particular interest to Investors who would have a potential stamp duty liability on a purchase. |
Seeking Property Development Advice
For further information, please contact Malcomson Law by calling 01 8744422 or by filling out an Online Enquiry Form.