More About Real Estate…
Quesetion: Who deals with contacting the utility companies when I sell or purchase a home?
KL: You will be responsible for this. While many lawyers send out letters to the utility companies, utility companies don’t always act on it.
Question: What is a title search?
KL: Title search is when your lawyer checks the title of the property in question and if there are any charges on it. This is done so that when you purchase it, there are no surprises.
Question: What is the requisition date shown on the Agreement? Why is this date important?
KL: The requisition date is when your lawyer has to request the property owner’s solicitor to remove charges and other potential defects to title.