🎓 Advanced Lesson 13: Protecting Yourself Legally & Financially

🗂️ Confirmation of Limited Company Setup

This confirms that you have registered a UK Limited Company with Companies House and will be trading through this legal entity. All property transactions will be undertaken under this business name.

✍️ Signed Deal Documentation Notice

Every property agreement must be documented using the appropriate legal template (e.g. Lease Option Agreement, Assisted Sale Agreement, HOTs) and signed by all relevant parties. Keep digital and physical copies for each deal.

🧠 Seller Communication Log

All conversations with sellers must be either:

• Recorded with permission using a call recording app, or
• Summarised in a written document noting date, time, and key points discussed

🏦 Client Funds Account Policy

All deposits, advanced payments, or funds held in trust must be stored in a separate “Client Account” (not your business operating account). This maintains financial transparency and legal separation of funds.

🛡️ Indemnity Insurance (Optional)

Depending on the type of deals you structure, you may wish to consider obtaining professional indemnity insurance. This is particularly helpful if you are packaging or brokering deals regularly.

📁 Legal Log Template

Keep a log for each deal that includes:

• Property address
• Type of agreement used
• Signatures of all parties
• Completion status
• Solicitor details
• Client funds received
• Date of final paperwork

⚖️ Legal Advice Confirmation Letter

It is advised that sellers receive independent legal advice prior to signing agreements. You can provide them a list of solicitors and have them sign a disclaimer confirming they were encouraged to seek advice.

“I confirm I was advised to seek independent legal advice before entering this agreement and understand the terms fully.” — Seller Signature