Can I be held responsible for any monies owed by the previous owner of the property?
The Lawyer and Government agent (The Notary ) Will ensure that no debt is attached to your purchase before allowing the purchase to complete. The notary ensures that they have checked the following; a) I.B.I. (local rates) b) Telephone c) Water d) Electricity e) Community Charges f) Rent (leasehold business purchase only) g) Mortgage (if applicable) For your protection the Lawyer and Notary will not allow the purchase to complete until the property is completely free of any monies owing.