Can the landowner encumber and/or borrow against the property once contracts have been signed?
According to the new estate agency law, as soon as the sales contract is signed, and its stamp duty paid, you, or your estate agent or solicitor, can register your contract at the District Lands Office. This ensures that the Title Deed owner cannot borrow against, or sell the property, to a third party without your written permission.
Related Questions
- Can a private landowner donate a conservation easement to convey away the propertys development rights but still continue to use the property as before the easement was granted?
- Can the landowner encumber and/or borrow against the property once contracts have been signed?
- Is there a comparable organization that covers property and casualty insurance contracts?
