The following Property Disputes Q&A Produced in partnership with Kate Andrews of Hamlins provides comprehensive and up to date legal information covering:
When considering how long you are able to make a claim pursuant to a particular document, it is important to determine whether the document you have entered into is a contract written under hand (simple contract), or a deed.
There are a number of differences that exist between the two, namely:
that a deed cannot be entered into orally
it must make clear that it is intended to be a deed, usually by inserting specific wording
unlike with a simple contract, a deed does not require there to be consideration in order to be valid
in relation to the question at hand, perhaps the most notable difference between the two is the statutory limitation period in which a claim must be brought
The limitation period for simple contracts is governed by section 5 of the Limitation Act 1980 (LA 1980). This section states that ‘an action founded on simple c
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
On 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook was intended to benefit PRA-authorised firms, to access clearer and more concise rules. Alongside the Rulebook, supervisory statements and statements
Facilitating the performance of a duty by public officialsFacilitation payments, also known as facilitating or grease payments, are generally small amounts of money paid to public officials or others as a means of ensuring that they perform their duty, whether more promptly or at all. In some
This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing ratio•leverage ratio (or debt to equity ratio)•current ratio (or acid test ratio)•cashflow ratio•interest cover ratio, and•loan to value ratioIt explains:
Coronavirus (COVID-19): During the current pandemic, legislation and changes to practice and procedure in the courts and tribunals have been introduced, which affect the following:•proceedings for possession•forfeiture of business leases on the grounds of non-payment of rent•a landlord's right to
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.