SRA Handbook 2011 and Code of Conduct: issues for property lawyers
Since 6 October 2011, solicitors must comply with the SRA Handbook, which includes the SRA Code of Conduct and the Property Selling Rules. This note looks at the Property Selling Rules and at the impact of the SRA Code of Conduct on the following aspects of property transactions:
- Acting for a buyer and seller, or landlord and tenant.
- Acting for a borrower and lender.
- Contract races.
- Acting where the solicitor has an interest in the transaction.
- Ceasing to act.
- Referring your client to a third party (such as another solicitor or an insurer).
- Client care information (for example, telling clients about the Protocol).
- Litigation and Advocacy.
For general information about the SRA Handbook see Practice note, SRA Handbook 2011 and Code of Conduct.