Splitting folios as suggested is very, very common, particularly in the older suburban neighbourhoods in Dublin where larger plots were more common. Any solicitor competent in property matters will ensure there are no issues with title, boundaries, etc., down the line.I must say I've never heard of this.
Hope you're leaving your half of the property to a family member. I see issues down the line when someone tries to sell.
It's the insurance bit I never heard of LeoSplitting folios as suggested is very, very common, particularly in the older suburban neighbourhoods in Dublin where larger plots were more common. Any solicitor competent in property matters will ensure there are no issues with title, boundaries, etc., down the line.
How would that cause problems when it comes to sell?It's the insurance bit I never heard of Leo
What's insured and what isn't? Like I said, I never heard of that specific insurance.How would that cause problems when it comes to sell?
Public liability... pretty standard in household policies. Won't cause any issues when coming to sell.What's insured and what isn't? Like I said, I never heard of that specific insurance.
The OP probably has it already, although it would be important in due course to disclose any change in access arrangements etc to the insurer.Public liability... pretty standard in household policies. Won't cause any issues when coming to sell.
Somebody falls and sues me for not keeping it safe
Insurance is there for when you are at fault !Insurance won't help if you don't keep it safe, in the event of a claim they will send out an assessor who's job is to minimise the pay out.
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