• The Kaplan Team

THOUGHT OF THE WEEK Renovation plans may introduce surprises

Whether as the buyer or seller of a property, one is seldom aware of the conditions contained in that property’s registered Title Deed. Generally this is because prospective purchasers never see the relevant Title Deed, as for example, where a property is bonded, the original Title Deed is retained by the mortgage bank.


As a result, purchasers are often disappointed when they wish to improve, alter or renovate their properties, only to find that because of the Title Deed restrictions and conditions, they are not in a position to do so, or that they can only do so after lengthy further applications.

In order to avoid such frustration, we suggest that prior to presenting an Offer to Purchase to the prospective seller, you contact one our our Kaplan Blumberg conveyancers who will be able to obtain a copy of the Title Deed from the Deeds Office, and advise you on any restrictive conditions which may affect your future plans.


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DISCLAIMER:

This article is not intended to constitute legal advice and is produced for information purposes only and to provide a general understanding of the legal position relating to the topic. It is recommended that advice relating to the specific circumstances of your situation be sought from our attorneys before acting upon the content of this article. This article was written at a particular point in time and accordingly may not always reflect the most recent legal developments, if any, applicable to the relevant topic. Kaplan Blumberg and its partners and/or employees, are not responsible for any consequences which may follow upon any decision taken to act upon the information provided in this article.