Buying Commercial Property · glossary
A search that asks the Land Registry what is new on the register and holds the searcher's place for the priority period. Harland Weir made Fellgate's in the bank's name, so one search protected both the purchase and the loan. Chapter 10 · see Priority period
Explained in Chapter 10, After Completion: Tax and Registration, of Buying Commercial Property.
The main page for this term is Official search with priority (form OS1), in Security & Collateral.
Your firm had read the register on the official copies, months before completion (Chapter 3). A register can change on any working day, and nobody writes to say so. So on 8 June your firm made an official search with priority (form OS1). It asks what is new on the register, and it holds the searcher's place for a fixed time.Read Chapter 10, After Completion: Tax and Registration →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Buying Commercial Property and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
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