Lexsure Knowledge Hub
Makes available the latest paragraphs for you to consider including in your Report on Title.
text for Report on Title:
ROT: Part Exchange Property
Change Date : 13/02/2024 | Word Count: 379 | Deployment Measure : 8/10
Rationale:
Relatively unusual situation where client is purchasing from a developer who in turn acquired the property as a part-exchange. There are a number of implications in such a situation. This section is comprehensive but would need to be adapted based on the specific scenario
As you are aware, this property is being sold by a House Builder/Developer as they took the property as a part exchange for one of their newly built properties. As
…