Entries by Stefonie O'Marra

The Risks of Proceeding Without a 10% Deposit on Exchange

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In a standard property transaction, the buyer is expected to pay a 10% deposit on exchange of contracts. This deposit is not just a formality—it plays a crucial role in protecting the seller and ensuring both parties are committed to the transaction. However, in some cases, buyers may request to proceed with a reduced deposit—or […]

Why Sellers Must Keep Property Insurance in Place Until Completion

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When selling a property, it’s easy to assume that once contracts are exchanged, responsibility begins to shift to the buyer. However, one critical obligation remains firmly with the seller: maintaining buildings insurance right up to the day of completion. Failing to do so can expose both parties to serious financial and legal risks. The Key Difference: […]

Understanding Legal Proprietorship vs Beneficial Interest: What Every Property Owner Should Know

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When it comes to property ownership, many people assume that the person named on the title deeds is the sole “owner” in every sense. In reality, two key concepts—legal proprietorship and beneficial interest— often operate side by side, and understanding the distinction between them is essential for anyone dealing with property, whether personally or professionally. What is […]