Buying Commercial Property · glossary
A requisition is a written question that must be answered before a matter can go on. A requisition on title is the buyer's solicitor's question to the seller's solicitor about the title. A Land Registry requisition is the registry's query on an application to register. If it is not answered in time, the registry can cancel the application.
A written question that must be answered before a matter goes on. Before exchange it is the buyer's question to the seller about the title. After completion it is the Land Registry's query on an application, and an answer in time keeps the application's place. Contract 4.3 · Chapter 3 · Chapter 10
Explained in Chapter 3, Reading the Title, of Buying Commercial Property.
Soon after, the Land Registry raised a requisition on the application. The word changes meaning here. In the contract, a requisition is the buyer's question on title. Here it is a query on an application, which must be answered before the registration is completed.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.
A written question the buyer's solicitor raises after reading the seller's title. It asks the seller to explain or put right a problem, such as an old mortgage still on the register. Title questions are best settled before contracts are exchanged.
A query HM Land Registry raises on an application, for example to register a purchase. It asks for a missing document, a fee or a correction, and sets a date for the reply. If the reply is late, the registry can cancel the application.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Buying Commercial Property → · All terms A–Z →