Guide to buying and selling property in Jersey
Jersey’s system of freehold conveyancing has its origins in the Public Registry established by Sir Walter Raleigh in 1602. Contracts are still passed before the Royal Court of Jersey on Friday afternoons and have been written in English since 2006.
When Ogier acts for the seller, it prepares a draft deed of sale for the buyer’s lawyer, deals with queries raised by the buyer’s lawyer and carries out any research required to address those queries.
The firm will also liaise with the seller’s mortgage lender to ensure that all mortgages and secured charges are settled from the sale monies and that the charges against the property are cancelled…
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Briefings from Ogier
Recent English case law has served to emphasise the requisite levels of intention needed on the part of the transferor for the creation of a Quistclose trust or any other sort of analogous resulting trust.
Jersey property unit trusts are frequently used to acquire and hold interests in UK commercial real estate due to the ease with which they can be established and the fiscal advantages they can potentially bring.