Balance on Client Account

blackwhite

I purchased a house last year, and finally received a copy of my folio in the last couple of weeks.

I paid my solicitor a round sum amount to cover property tax settlement, stamp duty and any other similar costs that he would have to settle on my behalf (not expenses though - expenses were included on the final fee note).

The house purchases was delayed by approx. 1 month at the time, so the estimate I'd paid across was more than the final property tax settlement would come to - stamp duty should have been bang on. All in all, it's probably around €100 or so.

What's the standard practice for settling the balance on the client account? Do solicitors usually just keep the balance on account until a request is made for repayment, or would it be normal practice for this to be refunded once all outstandings from the engagement are finalised?

Cloudio9

They normally send a statement showing the movement of all funds - deposit - mortgage drawdown - disbursements (stamp duty, searches, registration fees etc) . Any balance should be forwarded with this statement within days of closing.