The following Property Q&A provides comprehensive and up to date legal information covering:
We have assumed in answering this Q&A that the property was fully constructed at the time of exchange of contracts, is freehold and that there are no construction obligations for the developer within the sale contract. If that is not the case, then there may be other remedies available to the buyer either for breach of contract or, perhaps, pursuant to the Defective Premises Act 1972.
The remedy of rescission is considered in the Practice Note: Termination for breach of property contract. The term ‘rescission’ is used to describe two different remedies:
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This Practice Note provides an introduction to intercreditor agreements and their key provisions. This Practice Note:•explains the purpose of having an intercreditor agreement and when an intercreditor agreement would be used instead of a deed of priority or subordination deed•provides links to
This Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in syndicated loans in leveraged financings. TLBs are an established feature in the US market and increasingly used in the European lending market for institutional investors.This
This Practice Note considers proprietary estoppel from a generic standpoint.For industry specific guidance on proprietary estoppel, see Practice Notes:•Estoppel and property law•Mortgages by estoppelProprietary estoppel—what is it?Unlike the other forms of estoppel (see Practice Note: Estoppel—what,
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a Member State for many purposes. As a third country, the UK can no longer participate in the EU’s political institutions, agencies,
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