Chancery Lane issues 2019 edition of Law Society Conveyancing Protocol

The 2019 edition of the Law Society Conveyancing Protocol has been published, with details on best practice in residential conveyancing transactions of freehold and leasehold property.

Simon Davis, president of the Law Society of England and Wales, said: “The protocol is a tool which helps conveyancing solicitors to achieve most effectively the transfer of residential property. It aims to provide consistency across transactions and improve efficiency.

“It has been adapted to ensure continued relevance for practitioners. This includes the new Law Society Code for Completion prepared following the Court of Appeal decision in Dreamvar.”

Chancery Lane said the new protocol aimed to “take account of the ever-increasing complexity of stamp duty land tax (SDLT) and the work of HM Land Registry to reduce requisition rates”.

It includes reminders to address issues early in the process which might otherwise create delays, such as restrictions in leases, and also contains new provisions in relation to lease terms.

The 2019 edition of the Protocol, which can be viewed here, will take effect from 19 August 2019.

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