Rural and Agricultural Law can have its own unique considerations quite distinct from residential transactions, although there are similarities, particularly in Conveyancing and Property Law.
The buyer’s Solicitor will make an offer to the seller, the seller’s Solicitor will issue a Qualified Acceptance with certain conditions to be agreed upon, and ultimately the buyer’s and seller’s Solicitors will conclude missives once all terms are agreed. The conclusion of missives creates a binding contract and usually a deposit is paid. The Disposition will be drawn up outlining the extent of the property and ensuring the buyer is receiving good title. On the date of entry, the balance of the price is paid and the keys are handed over. The transfer of title is then registered in the Land Register of Scotland.
Rural Missives of Sale or Purchase
Also, when buying or selling a farm or rural property, you may be buying or selling more than just land. There could be machinery, stock, or a business concern also.
Whether you are considering buying or selling an agricultural property, we can give you guidance and ensure you get the correct advice.
Contact: Williamson & Henry on 01557 330692 for your agricultural or rural matters.
The purchase or sale of woodland is a similar step-by-step process to any other property transaction, but again with certain peculiarities. It is important to determine if the woodland was planted with the benefit of any grants and, if so, are there any conditions outstanding and what forms are required to transfer any remaining subsidies and obligations? The buyer’s solicitor will make a formal offer to the seller’s solicitor to buy the proposed area of woodland under certain conditions. This begins the missives for the transaction.
It is important to determine that there are no constraints affecting the land which would affect grant applications, planting, felling, or timber extraction.
We can assist with small scale forestry transactions.