Residential property update March 2023

Residential property lawyer Sara Smith and Paralegal and Completions Executive, Clare Waters provide a short update to the property market and some guidance for those looking to buy or sell residential properties, in this useful video below:

In the video, our team provide advice for home sellers when completing the Property Information Form section on Japanese Knotweed. They cover the importance of ticking ‘not known’ in the form, should a seller not have had a Japanese Knotweed survey carried out. Sara also warns buyers that if they are unsure or concerned, then they must arrange for a survey themselves.

Sara then covers changes to legislation that may affect leaseholders, off the back of the Grenfell Tower fire tragedy. The Building Safety Act 2022 now holds developers responsible for rectifying and putting right, any unsafe cladding. Sara mentions that the Government has now put funding in place to cover works required, where a developer may not be taking responsibility themselves.

The video covers a section on an update to the Fire Safety Regulations in England, covering buildings that house two or more leasehold properties. The regulations are in place to ensure that people within the buildings are aware of the fire standards and procedures that are in place in that building, including fire doors and what to do in the event of a fire.

For more information

For more information about how we can assist buyers, sellers and leaseholders, please contact our residential property team.

To obtain a no-obligation conveyancing quote please take a look at our online quote tool.

This content is correct at time of publication