Hi All, I am in the process of purchasing a property and I have seen many land registries before however never come across any cautions. The property has the following caution:
CAUTION in favour of MS of XXXXX, lodged by Messrs MP and
Company of YYYYY, against the first registration of the Freehold land shown and
tinted pink on the filed plan of the above title number filed at the
Registry and known as (PROPERTY TO BE PRUCHASED).
The statutory declaration accompanying the caution sets out that the
cautioner is interested in the land as prospective purchaser under an
Option Agreement dated 1st November 1990 and made between LG and JG of the one part and the said
MS of the other part.
After looking into this further, MS has passed away. What is the procedure and how long would it take to remove the caution? Are there likely to be any issues - can someone else act on behald of MS? Any guidance would be much appreciated!
CAUTION in favour of MS of XXXXX, lodged by Messrs MP and
Company of YYYYY, against the first registration of the Freehold land shown and
tinted pink on the filed plan of the above title number filed at the
Registry and known as (PROPERTY TO BE PRUCHASED).
The statutory declaration accompanying the caution sets out that the
cautioner is interested in the land as prospective purchaser under an
Option Agreement dated 1st November 1990 and made between LG and JG of the one part and the said
MS of the other part.
After looking into this further, MS has passed away. What is the procedure and how long would it take to remove the caution? Are there likely to be any issues - can someone else act on behald of MS? Any guidance would be much appreciated!
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