Higher Value Properties
Burley Geach frequently act for clients either purchasing or selling higher value properties. In dealing with these properties it is often necessary to address unique features such as large amounts of land or out-houses. An experienced practitioner will be able to advise you on the very individual implications of the transaction which otherwise may not have been considered.
Often higher value properties come with larger gardens and it is very important that we work with you to identify the boundaries and extent of the property. Boundaries on larger parcels of land are often undefined and we will investigate the title fully as well as ask the relevant questions of the sellers’ solicitors. We will ascertain whether the property is subject to other rights and arrangements such as grazing agreements or rights of way. If you are considering developing the property in any way, you will need to be sure of the planning designations for the area.
An issue that often arises with higher value properties is that of private drainage. Whilst this is not necessarily a problem in practical terms, it does raise some legal issues which will need to be investigated. In particular, if you are connecting to a facility which is on neighbouring land, or a neighbour connects to your property, the correct easements or rights must be in place. We will make enquiries as to how the costs of maintenance are split, how much these are likely to be, and the age of the installation. If there are any guarantees or warranties these should be transferred to you after completion.
Another important issue is that of private access. We will ensure that you are aware of any maintenance costs or other consequences of private access, particularly if this is shared. It is obviously vitally important that you have full rights of way from a public highway to your property.
Common land is another complicating issue that sometimes arises typically with higher value country properties. Our team will advise you when it is appropriate to undertake additional searches at the local authority to ascertain the full position. We also research footpaths and bridleways. If these are the only access to your property, you need to be aware that you should not drive over them.
All of the issues mentioned above are just a few examples that we come across when dealing with higher value properties. We have a great wealth of experience in handling large property transactions regardless of their location and have the expertise to identify the particular issues that these matters can bring. Every client will have an allocated adviser who will handle the transaction from the point of instruction through to completion. Please do not hesitate to contact a member of our team for further information.