Sale of a commercial property portfolio (seller)—exchange of contracts
Sale of a commercial property portfolio (seller)—exchange of contracts

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

  • Sale of a commercial property portfolio (seller)—exchange of contracts
  • Ready to exchange?
  • Exchange of contracts
  • Immediately after exchange

Ready to exchange?

Check that:

  1. neither the seller nor its managing agents are aware of anything which would change or make incorrect the replies given to any pre-contract enquiry. The seller is under a duty to advise the buyer if the position changes or it becomes aware that the reply given was incorrect or inaccurate—see Practice Note: Liability for inaccurate replies to enquiries

  2. you are holding the sale contract signed by the seller—see Practice Note: What are the signature requirements for contracts?