The following Property Disputes practice note Produced in partnership with Alistair Drummond, Tony Holloran, Vladimir Kucera and Scott Traynor of DLA Piper Scotland LLP provides comprehensive and up to date legal information covering:
The most common form of contract in Scottish property transactions are missives of sale, see for example, the Property Standardisation (PSG) PSG—Offers.
The contract is formed by parties (or more commonly their agents) exchanging letters of offer and acceptance which together form the missives. Typically, there may be several formal letters passing between the parties before delivery of a final unqualified acceptance which concludes the bargain, see further: The offer: Missives [3.07].
When missives are concluded a legally binding contract is formed. The contract can equally be effected by a sale and purchase agreement between the parties. Where one party then fails to perform the obligations, this may amount to a breach of contract which entitles the other party to a legal remedy. For further information, see: What are missives?: Conveyancing Practice in Scotland [6.2] and The de plano acceptance: Conveyancing Practice in Scotland [6.5].
As missives are a form of contract, the standard legal remedies for breach of contract are available (see: Classification of remedies: Stair Memorial Encyclopaedia ). These operate subject to any express or implied provisions in the missives.
The parties’ respective obligations are set out in the missives. There are in addition, a number of obligations imposed by common law on:
the seller including:
the delivery or exhibition of a valid marketable title to the property within a reasonable time
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