Are your environmental searches compliant?

Print This Post

7 January 2015


Basic CMYKDecember 18th saw the Law Society issue new guidance on how flood and contaminated land issues should be dealt with in property transactions.

FCI’s reports are fully Law Society compliant…always one step ahead.

Flood risk

The latest Law Society guidance highlights the need for conveyancers to ensure that their clients can obtain flood insurance for the property on acceptable terms before entering into a contract. It also identifies the importance of liaising with home buyers as to which flood searches may be appropriate. Updates to the guidance includes:

  1. The importance of always understanding the full flood risk of a property.
  2. Change to reflect the inclusion of Flood Re, which will be operational in July 2015.
  3. Specific guidance of flood risk maps.

Click here to view full practice note

Contaminated land

The latest Law Society guidance highlights the importance of conveyancers understanding the level of contamination on a site, and how enquiries should be dealt with, including suitable measures to protect the home buyer, whether it’s further investigation or insurance. Updates also include:

  1.     Change to reflect inclusion of the Contaminated Land Statutory Guidance 2012.
  2.     Further detail on risks, and how this can affect for buyers, owners, tenants and lenders etc.
  3.     A comprehensive analysis on the risk that the local authority replies may be incomplete when responding on contaminated land.

Click here to view full practice note

To order your FCI environmental report and for more information on how to protect your clients from flood risk, contaminated land and other environmental issues from as little as £39, contact your search provider or visit CLS at www.clsl.co.uk today.

 



Associate News is provided by Legal Futures Associates.
Find out about becoming an Associate



Legal Futures Blog

Joint (ad)ventures in the legal sector

Nigel Wallis lo res

We all know that nothing in life is certain. As the actor, director and philosopher Clint Eastwood once said: “If you want a guarantee, buy a toaster.” He also said he’d tried being reasonable and didn’t like it. They should teach this kind of philosophy in law school. One thing in life is reasonably certain though. If you’re a law firm worth your salt, at some point you will be approached by another entity (most probably a work introducer) with a whizzy idea to ‘partner’ with you to ‘help you accelerate your growth’. In commercial speak this means, ‘we’d like to keep feeding you work but we’d also like to share in your profits’. The arrangement may be pitched to you as a joint venture – a win-win no less.

March 27th, 2017