Buying a property is a major investment, and conducting thorough due diligence is essential to avoid legal complications. At Rothschild Group, we guide buyers through the critical land searches required to ensure a smooth and transparent property purchase.
Three Essential Land Searches Every Buyer Should Conduct
1. Certificate of Title Search
- The Certificate of Title is the official record of property ownership.
- It reveals registered proprietors, mortgages, caveats, easements, and other encumbrances that may affect the land.
- If purchasing a strata-titled property, obtaining a copy of the strata plan is equally important to understand lot boundaries and common property rights.
2. Encumbrances and Restrictions Review
- Hidden legal hurdles can delay settlement and impact property use.
- Buyers should request copies of any limitations, encumbrances, or notifications registered on the title or strata plan.
- These documents identify restrictions on land use, third-party rights, and financial liabilities attached to the property.
3. Property Interest Report Search
- A Property Interest Report provides a broader overview of interests and restrictions beyond those listed on the title.
- It includes planning overlays, heritage listings, environmental constraints, and infrastructure developments that may impact future use or property value.
- This search helps uncover potential long-term issues before finalizing a purchase.
Why Conduct These Searches?
- To avoid legal disputes regarding ownership and land use.
- To ensure the property is free from undisclosed restrictions.
- To confirm there are no hidden costs or encumbrances that could affect settlement.
How Rothschild Group Can Assist You
- Expert legal due diligence to review all property searches.
- Comprehensive contract analysis to ensure legal clarity.
- Professional guidance on encumbrances and restrictions to protect your investment.
Need legal assistance with property searches and settlement? Contact Rothschild Group today for expert property law advice.
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