The perils of the registration gap when purchasing property, and how to keep the transaction on track, are explained in this week’s NLJ, in an article full of useful advice for property lawyers
Tricia Hemans and Daniel Black, both of Falcon Chambers, offer tips to keep disaster at bay. They write: ‘The position of a purchaser during the registration gap can be a very precarious one indeed. Having exchanged contracts and executed a transfer, the purchaser is the equitable owner of the property. Yet until the transaction is completed by registration, they are not the owner at law.’
In short, all manner of things can still go wrong. Read the authors’ tips and advice to make sure they don’t.
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