U
Undertaking: (see also “Requisitions on Title”) A promise given by a lawyer, which must be honoured at whatever cost! Mostly used when acting for a seller who has a mortgage to pay off on the sale property and given to the buyer’s lawyers prior to completion. Once given, the undertaking is binding on the lawyer who gave it. If an undertaking is not fulfilled then the Licensed Conveyancer or Solicitor who gave it can be enforced by the Council for Licensed Conveyancer or the Law Society and by the courts, resulting in the Licensed Conveyancer or Solicitor possible losing the ability to practice as a lawyer.
NB – IF another lawyer alleges a breach of an undertaking we have given them this must be escalated to a member of the Management Team immediately!
Unregistered Land: Land where the title is not yet registered with the Land Registry.
