Property, Landlord & Tenant
This is an area of Law most commonly associated with the buying and selling of properties, such as commercial properties, houses, apartments and agricultural land.
We act for the interests of our clients in property transactions involving the following types of properties: Houses, Land, Pubs, Shops, Businesses, commercial buildings, Farms etc
We act in Landlord and Tenant matters involving granting of Leases, selling of Leases, Rent reviews, buying out freeholds, Ejectment proceedings, etc
In relation to Re-mortgages we offer a fixed price re-mortgage service to both existing and new Clients which can facilitate the quick release of equity from the property involved.
Once a sale has been agreed, the Auctioneer will an issue an Advice Notice (including all details of the sale) to both the Vendor's solicitor and the Purchaser's solicitor. The Vendor's solicitor will prepare Contracts based on the details received from the Auctioneer and the Vendor's Title documents. The contracts and copies of this title will be sent to the Purchaser's solicitor who will investigate the title and satisfy himself/ herself that the Vendor has legal title to sell the property. The Purchaser's Solicitor will also in normal circumstances act for a lending institution on behalf of the Purchaser and will arrange for the execution by the Purchaser of all legal documentation required to secure the Mortgage against the property
Once the Purchaser's Solicitor is satisfied with the title and loan approval has been received the purchaser will then proceed to sign the Contracts and pay the balance of the deposit (usually 10% of purchase price).
Once Contracts have been exchanged the Purchaser's solicitor will then raise a number of additional queries and set out the documents they require on completion. The Purchaser's solicitor will also draft the necessary Deeds and documents to ensure the transfer of the Vendor’s title
On completion the Vendor's solicitor will hand over to the purchaser all documentation required by the Purchaser’s solicitor and the Purchaser's solicitor will hand over the balance of the purchase price in exchange for the keys of the property.
The sale is then closed and the purchaser may take up occupation but the solicitor must hen arrange to have the deed stamped by the Revenue Commissioners and registered with the Property Registration Authority, before returning the original title deeds to the Purchaser's Lending Institution
Contact us: O'Connor McCormack Solicitors 16 South Main Street, Naas, Kildare 045 875 333