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Posted Sat, 13 Jul 2024 13:30:16 GMT by X L

Hello Everyone,

We are about to purchase a freehold residential property.

We received a draft contract which contains these “Specified Incumbrances” :
“All those matters referred to in entries 1, 2, and 3 of the Charges Register
for which the Buyer will indemnify the Seller in the Transfer upon completion”

We understand the 1st sentence :
“All those matters referred to in entries 1, 2, and 3 of the Charges Register”

But we were given no explanation for the 2nd sentence :
“for which the Buyer will indemnify the Seller in the Transfer upon completion”

Is it normal to have this 2nd sentence written in the “Specified Incumbrances” ?

Your time and insight would be much appreciated !
 

Posted Sat, 13 Jul 2024 13:33:19 GMT by Adam Hookway
Hello X L - I suspect it is but it's really a Q for the conveyancer acting or someone more involved in the conveyancing process/drawing up of a contract
There isn't really an 'everyone' on this forum as it's HMLR responding to posts and not a wider community as you might find on other forums.
If you are looking for wider comments I would suggest trying online forums such as Money Saving Expert where others will invariably post a comment or three
Posted Sat, 13 Jul 2024 14:56:51 GMT by X L
Thank you very much Adam,

We understand that the “Specified Incumbrances” of the sale contract
may impact the content of the resulting “Register of Title”.

Therefore we thought we could post the issue in this forum.
 

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