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Pre-Contract Enquiries in relation to Units in a Multi-Unit Development - lawsociety

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The document outlines the requirements and procedures for pre-contract inquiries related to Multi-Unit Developments under the Multi-Unit Developments Act 2011 (the MUDs Act). It details the necessary evidence and confirmations needed from the Owners Management Company (OMC) regarding its registration, compliance with various sections of the MUDs Act, management responsibilities, service charges, insurance policies, and any potential legal issues. The document is structured into sections based on whether a residential unit was sold before or after specific dates in 2011.

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How long does it take to raise Enquiries to completion?

Initial enquiries and Searches A good conveyancer will aim to deal with enquiries within one to two weeks of receipt, but this stage also depends on how quickly clients are able to respond to the enquiries.

What are mud requisitions?

Management Company and MUD Act Requisitions: If the property is part of a managed development, particularly if it is an apartment, your solicitor will need to get information from the Managing Agent in the form of MUD Act Requisitions Replies.

What is a pre exchange contract?

Pre-exchange checks. You must carry out these checks before you can exchange. This process draws your attention to crucial matters which must be considered before committing the buyer to exchange of contracts. These include: Checking the purchase details.

What are pre contract Enquiries?

Conveyancing enquiries (also called pre-contract enquiries, or sometimes even just enquiries) is the process before exchange of contracts when the buyers solicitor formally raises queries with the sellers solicitor.

What is an Enquiry in a contract?

Enquiries in property transactions are not unlike those in everyday life. In essence, they are a question which require an answer giving more detail that is already known. Different from searches, think of enquiries in terms of a car you would be unlikely to buy it without knowing the details.

How long is the Enquiry stage?

Typically, the enquiries stage takes anything between 3-6 weeks, but it can be much longer if things get stuck (which they can for any number of reasons).

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