The Court of Appeal has announced a ruling regarding the Dreamvar case which will make conveyancers accountable for their client's actions.
Ian Peach, Partner and Head of Residential Property at Coffin Mew, commented:
“In my view, this decision will not just affect Residential Property but the profession in general and I expect impact upon firm’s Professional Indemnity Insurance premiums moving forward.
“It highlights the need for seller’s solicitors to not just correctly verify the identity of the seller, but to also do their upmost to actually link that person to the property being sold.
A legal review of the current housing law, carried out following the Grenfell Tower tragedy which killed 71 people last June, has called for sweeping changes to improve safety standards and protect tenants.
In recent weeks there has been a deal of press and public indignation over ground rents that can double or more overnight. It is an issue that may be harbouring an avalanche of negligence claims against solicitors, according to Joshua Munro, a barrister at Hailsham Chambers.
Developers have been warned of the importance of ascertaining the details of rights of way and covenants before purchasing land for redevelopment.
The Construction Industry Council (CIC) has published a new Users’ Guide to Adjudication, which replaces the previous guide from the Construction Umbrella Bodies Adjudication Task Group, produced in 2003.