Transaction Tips - The problem with moths

Expert legal trainer Ian Quayle of IQ Legal Training returns in this series of bitesize Today's Conveyancer Podcast episodes to explore a range of topics around conveyancing. "Transaction Tips" draws on Ian's extensive experience in and around the property sector discussing important topics conveyancers need to be thinking about. The latest episode considers the bizarre case of Patarkatsishvili and another -v- Woodward-Fisher; better known as the £32.5 million property in London, where the buyer successfully rescinded the contract due to a concealed infestation of clothes moths.The case serves as a cautionary tale about the importance of full and honest disclosure in the conveyancing process says Ian who provides a comprehensive overview of the case, as well as commentary on the impact for conveyancers when it comes to full disclosure on the TA forms, and the impact on the material information debate. Ian warns conveyancers to clearly define their role and liability in their retainers, especially when information is shared before formal instruction. He adds misrepresentation—especially fraudulent or reckless—can lead to rescission and damages; Conveyancers must be cautious in advising clients and should avoid assuming liability for pre-instruction disclosures; and reminds us the case underscores the growing importance of transparency, due diligence, and clear legal boundaries in property transactions.Ian will be back throughout the rest of the year with more Transaction Tips on the Today's Conveyancer Podcast. For information about the training Ian runs please visit www.todaysmedia.co.uk/todays-legal-training.The Today's Conveyancer podcast can be found on your preferred podcast provider and also at www.todaysconveyancer.co.uk. Subscribe and listen in for all the latest conveyancing industry news and views. Thank you to our podcast sponsors LEAP Legal Software and InfoTrack