Transfer clauses—sale by administrative receivers
Transfer clauses—sale by administrative receivers

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

  • Panel 4—Transferor
  • Panel 9—Title guarantee
  • Panel 11—Additional provisions
  • Schedule 1 [Part 1
  • The Lease[s] under which the Property is held
  • Schedule 2 [Part 2
  • The Occupational Lease[s] to which the Property is subject

Panel 4—Transferor

[insert name of the registered proprietor] (in administrative receivership[ and also in liquidation]) (the ‘Transferor’) acting by [any one of] its [joint] administrative receiver[s][insert name of [first] receiver] (Insolvency Practitioner) of [insert address][and [insert name of second receiver] (Insolvency Practitioner) of [insert address]] (the ‘Receiver[s]’)

Panel 9—Title guarantee

The Transferor, being a company in administrative receivership, gives no covenants for title whether express or implied by the Law of Property (Miscellaneous Provisions) Act 1994, the Land Registration Act 2002 or otherwise

Panel 11—Additional provisions

    1. 1

      The Receiver[s][was OR were] appointed [joint] administrative receiver[s][and manager[s]] of the undertaking and assets of the Transferor[,

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