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Makes available the latest paragraphs for you to consider including in your Report on Title.
text for Report on Title:
ROT: Reliance on Undertakings
Change Date : 06/06/2023 | Word Count: 188 | Deployment Measure : 9/10
Rationale:
The lack of advice to a client on undertakings creates a serious risk of professional liability for all solicitors, particularly those involved in conveyancing. This draft wording sets out some of the concerns that a buying client should be made aware of.
The process of purchasing a property relies heavily on the seller’s solicitors giving undertakings, particularly to use funds only for the purpose of the sale and to discharge existing mortgages
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