The following Property precedent provides comprehensive and up to date legal information covering:
Date: [insert date of licence]
[insert name of Licensor] of [insert address] [incorporated in England and Wales with company registration number [insert company registration number]] (the Licensor)
[insert name of Licensee] of [insert address] [incorporated in England and Wales with company registration number [insert company registration number]] (the Licensee)
Drawings and Specification
means the drawings and specification annexed to this licence;
means £[insert figure] [plus VAT];
the period starting today and (unless terminated under clause 9.2) ending on [insert date];
the property known as [insert details] [and registered at HM Land Registry with title number [insert title number]] [shown edged [red] on the Plan];
a surveyor appointed by the Licensor (who may be an individual or a firm or company of chartered surveyors, or an employee of the Licensor or a company which is in the same group as the Licensor);
the plan annexed to this licence and marked [insert details];
the satellite dish shown in the Drawings and Specification;
means value added tax payable under the Value Added Tax Act 1994 (or any similar or equivalent tax payable instead of or as well as VAT);
means any day that is not a Sunday, Christmas day, Good Friday or a statutory bank holiday.
Any covenant by more than one person is joint and several.
**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
The Standard Conditions of Sale (SCS), currently in their 5th edition (2018 revision), are a set of standard conditions which are commonly incorporated into contracts for the sale of residential property. The Standard Commercial Property Conditions (Third Edition—2018 Revision) (SCPC) are used for
Fraud by false representationFraud by false representation applies to a broader range of conduct than the offences under the preceding legislation (the Theft Act 1968 (TA 1968)). No gain or loss need actually be made, and no deception need operate on the mind of the deceived for the Fraud Act 2006
The roles of nominated officer and money laundering reporting officerA nominated officer is an individual who is nominated by a firm to receive disclosures under Part 7 of the Proceeds of Crime Act 2002 (POCA 2002) or Part III of the Terrorism Act 2000 (TA 2000)—see Requirement to appoint a
This Practice Note provides guidance on the SRA Codes of Conduct, contained in the SRA Standards and Regulations, in force from 25 November 2019. The SRA Standards and Regulations include two Codes of Conduct—a Code forSolicitors, RELs and RFLs and a Code for Firms. The Standards and Regulations
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.