Our legal fee is a fixed fee agreed at the outset. The work covered by this fee will consist of the following:
(a) investigating the title to the property;
(b) preparing and submitting a sale contract;
(c) preparing and submitting evidence of your title to the property;
(d) checking the Law Society Protocol forms completed by you and submitting them;
(e) answering on your behalf any additional enquiries received;
(f) advising you on the terms of the contract and arranging for you to sign it;
(g) effecting the exchange of contracts;
(h) negotiating the final Deed of Transfer and arranging for you to sign it;
(i) completing the sale of the property;
(g) obtaining your approval to the amount required to repay any mortgage and then arranging repayment on the day of completion;
(h) accounting to you in respect of the net proceeds of sale after payment of our fees and your Estate Agents fees.
Our legal fee is calculated on the basis that:
(a) the property is currently held under a single title at the Land Registry with no title defects;
(b) one contract is submitted to one buyer and that you do not ask us to create a contract race with two competing buyers;
(c) the sale will be on the basis of an unconditional contract and the property is sold with vacant possession;
(d) completion takes place on the date agreed in the contract;
(e) if you are repaying a mortgage, the lender also instructs Russell & Russell to act on its behalf in the redemption.
If it becomes apparent that there are unforeseen circumstances in connection with the sale we may have to increase our charges but, if that is the case, I shall inform you before we incur any additional costs.