Replies to Requisitions at the date of sale
The Conveyancing Committee has recently been requested to issue guidance on the practice of seeking confirmation on closing from vendor’s solicitors that the Replies to Requisitions remain accurate as at the date of closing.
Conveyancing 21/05/2024The Conveyancing Committee has recently been requested to issue guidance on the practice of seeking confirmation on closing from vendor’s solicitors that the Replies to Requisitions remain accurate as at the date of closing.
Practitioners are reminded that the Replies to Requisitions will issue to the purchaser’s solicitor when issuing the Contract for Sale and vouching title. This enables a full review of all matters prior to the Contract for Sale being exchanged.
Practitioners are further reminded that General Condition 6(d) of the Contract for Sale 2023 (Revised Edition) provides that the Replies to Requisitions and Rejoinders are deemed to be given as of the Date of Sale.
The Conveyancing Committee does not agree with the practice of requesting the replies to be updated prior to completion.