A review of Standard Conditions of Sale (5th edition) and practical tips
A review of Standard Conditions of Sale (5th edition) and practical tips

The following Property guidance note provides comprehensive and up to date legal information covering:

  • A review of Standard Conditions of Sale (5th edition) and practical tips
  • Risk and insurance
  • Occupation by the buyer
  • Deposit and apportionments
  • Commonhold
  • Reciprocal rights
  • Statutory declarations
  • Occupier’s consent

The Standard Conditions of Sale (SCS) are a set of conditions usually incorporated into contracts for sale for residential property. The Standard Commercial Property Conditions (Second Edition) or Standard Commercial Property Conditions (Third Edition—2018 Revision) are used for commercial property.

See Precedent: SCS—Standard Conditions of Sale Agreement (conditions and agreement).

On 1 April 2011 the Law Society introduced The Law Society’s Conveyancing Protocol (the protocol) to speed up the conveyancing process. The protocol made amendments to the SCS and a new SCS (5th edition) was released.Law Society’s Conveyancing Protocol

The revisions brought the SCS up to date with current practice and struck a fairer balance between the parties.

The SCS (5th edition) introduced amendments dealing with:

  1. risk and insurance

  2. occupation

  3. deposit and apportionments

  4. commonhold

  5. reciprocal rights

  6. statutory declarations

  7. occupier’s consent