Back to home

Sample review — for illustration only

Legal pack review — [REDACTED] property, London

Title number
[REDACTED]
Address
[REDACTED]
Seller
[REDACTED] LLP
Guide price
£215,000
Tenure
Freehold
Pack pages reviewed
312

Executive summary

A workable freehold investment lot with a strong retail covenant, but three material risks that a solicitor should resolve before exchange. Total additional costs above the guide are meaningful and should be factored into your maximum bid.

Title & tenure

  • POSITIVE

    Freehold title, absolute class — clean root of title with no cautions or restrictions on disposition.

  • NOTE

    Historic right of way benefiting the neighbouring property recorded in the charges register (1978). Low practical impact but should be disclosed to any lender.

  • RISK

    No indemnity policy in place for the missing 1994 conveyance referenced in the epitome of title. Buyer's solicitor should insist on one pre-completion.

Retail lease (ground floor)

  • POSITIVE

    10-year FRI lease to a national covenant, 4 years unexpired, rent £18,500 p.a. paid quarterly in advance. Rent deposit of £4,625 held.

  • NOTE

    Break clause at year 7 exercisable by tenant on 6 months' notice — tenant did not exercise.

  • RISK

    Landlord's repairing obligations for the roof are ambiguous under clause 4.3. Potential dilapidations dispute at lease end.

Residential tenancies (flats A & B)

  • POSITIVE

    Flat A — AST, 12 months, £950 pcm, deposit protected with DPS. Rent up to date.

  • RISK

    Flat B — periodic tenancy since 2019, no gas safety certificate on file, no EPC provided. Section 21 unlikely to be enforceable until remedied.

  • RISK

    No evidence of How to Rent guide having been served on Flat B tenant.

Special conditions of sale

  • RISK

    Buyer to pay seller's legal fees of £1,500 + VAT on completion.

  • RISK

    Buyer to reimburse seller's search pack cost of £395 + VAT.

  • NOTE

    Completion 20 working days from exchange (auction date). Deposit 10% payable on the fall of the hammer.

  • RISK

    Buyer contribution to boundary fence reinstatement — £750 fixed charge payable on completion.

Searches & environmental

  • POSITIVE

    Local authority search clean — no adverse entries, no planning enforcement notices.

  • NOTE

    Drainage & water — property connected to mains foul and surface water. Public sewer within 3m of building line.

  • RISK

    Environmental report flags a former petrol filling station 80m to the north-east. Phase 1 environmental recommended before exchange.

Additional costs to budget for

Special condition — seller's legal fees£1,500 + VAT
Special condition — search pack reimbursement£395 + VAT
Boundary fence reinstatement (fixed)£750
Recommended Phase 1 environmental report~£450 + VAT
Estimated SDLT (based on £215,000 guide)£8,050
Missing conveyance indemnity policy~£120 one-off

Pre Purchase Checklist

  • R1 — Instruct solicitor to obtain missing conveyance indemnity before exchange.
  • R2 — Flat B: request gas safety certificate, EPC and How to Rent proof from seller.
  • R3 — Commission Phase 1 environmental report given nearby former filling station.
  • R4 — Confirm SDLT band and higher-rate applicability with your accountant.
  • R5 — Have cleared funds (10% deposit + buyer's premium) available on the day.
  • R6 — Read the addendum on auction day — special conditions frequently change late.

Disclaimer: This sample review is illustrative only. Property details, addresses and parties have been redacted or fictionalised. ClauseFlow reviews are generated by AI and do not constitute legal advice. Always instruct a solicitor before bidding or exchanging contracts. ClauseFlow is a trading name of JDB Ventures Ltd, registered in England and Wales.

Ready to review your own legal pack?

Upload your PDFs and get a structured review like this in 2–3 minutes.

Start my review