Question 1

What is a property auction legal pack?

Accepted Answer

A property auction legal pack is a comprehensive collection of documents that provides potential buyers with all the necessary legal and property details before bidding. It helps ensure that buyers have a complete picture of the property's title, condition, and any potential issues.

Question 2

What documents can I expect to find in a typical legal pack?

Accepted Answer

While contents can vary depending on the property and seller, most legal packs will include: Title Documents (Title Register and Title Plan), Contract for Sale, Seller's Property Information, Searches and Enquiries (Local Authority, Drainage and Water, Environmental, Chancel Repair Liability), Leasehold Information (if applicable), Planning and Building Control Documents, and Additional Documentation covering easements, restrictive covenants, fixtures and fittings, and warranties.

Question 3

Why is a legal review of the auction legal pack important?

Accepted Answer

A legal review is essential to: Ensure Compliance - confirm that all documents meet legal requirements and that there are no hidden risks; Identify Issues - flag any potential legal or financial issues, such as title defects, restrictive covenants, or planning irregularities; Provide Peace of Mind - help you make an informed decision about bidding by providing clarity on the property's legal standing.

Question 4

What does the legal review process entail?

Accepted Answer

Our legal review process involves: Expert Review - A UK Solicitor with subject matter expertise in property and auction law is assigned to your case; Thorough Examination - We carefully review each document in the legal pack, including title documents, the contract for sale, and any additional information; Clear Commentary - We insert easy-to-read comments and annotations directly into the documents, highlighting any concerns or areas that may require further attention.

Question 5

What happens after the review?

Accepted Answer

Once the legal review is complete: Review Sent - You'll receive the reviewed documents with all comments and recommendations highlighted; Further Queries - If you have any follow-up questions, you can email us for additional clarification at no extra charge; Optional Consultation - If you'd like to discuss the findings with your Solicitor directly, you can opt for a consultation service at checkout.

Question 6

What if I would like for AirCounsel to assist with contract negotiations?

Accepted Answer

Once your contract has been reviewed, it may be necessary to negotiate amendments with the other party/ies to the contract. This might take the form of amendments being effected to the contract itself by our attorneys, email correspondence being sent by us to the other party/ies with our proposed amendments, or a call/online meeting with the other Party/ies to discuss & negotiate. Once reviewed, and if necessary, we will provide you with a quote to attend to the negotiations.

Question 7

Will you have an opportunity, after the review, to consult with the lawyer?

Accepted Answer

If you order a consultation as an added option, then yes, otherwise no, as a consultation is not included in the review package. A consultation can however also be purchased separately.

Question 8

Are our solicitors registered and regulated with the Solicitors Regulation Authority (SRA)?

Accepted Answer

Yes, our solicitors are registered with the SRA as practising solicitors of England and Wales, and as such are subject to their standards and regulations and are vetted by us for quality.

Question 9

How many years of experience will my solicitor have?

Accepted Answer

At least 12 years' experience in property and auction law.

Question 10

By what time do I need to order the same day delivery service to ensure delivery on the same day?

Accepted Answer

To receive your review on the same day, you will need to order the optional extra same day delivery service before 1PM UK time.

Question 11

Do you get to consult with the lawyer after the review?

Accepted Answer

If you select the optional extra of an online consult with your attorney, you will have access to a 20 minute online consultation with your attorney to discuss the review once it has been conducted.

Question 12

Is there a page limit to the auction pack review?

Accepted Answer

Yes, the review is limited to a maximum of 100 (one hundred) pages of the auction pack. In this regard, you may choose which 100 (one hundred) pages you would like reviewed, or alternatively an additional fee may be agreed upon between you and us to review the full auction pack.

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Property AuctionLegal Pack Review