FREEHOLD

Freehold describes the exclusive ownership of a property - this is the traditional method of transfer of property in Jersey.
The property is conveyed by way of a contract passed before the Royal Court. Since November 2006 all contracts have been written in English and in the case and generally contain:

• a description of the property and its boundaries;
• the clauses affecting the property;
• any new clauses which may agreed in the deed with a Vendor retaining land or where new boundaries are agreed with a neighbour.
• the title to the property;
• the consideration paid for the property;
• you will have no right of redress against the previous owner;
• An apportionment clause concerning rates.

Stamp duty is payable on the purchase of a property and we are able to provide you with a calculation as to Stamp duty at the current rates.