What is a Quistclose trust?A Quistclose trust is an example of an ‘automatic’ resulting trust, ie a trust which arises where property is transferred...
Official search with priority—registered land or seller’s title pending first registrationHow and when to search?An official search with priority will...
What is a headline rent?In a falling market, landlords frequently offer tenants financial inducements to take a lease in order to maintain the level...
Vitiation of an insurance policyAn insurance policy may be vitiated (or invalidated) if the insured:•misrepresents or fails to disclose any material...
What is a letter of non-crystallisation?A letter of non-crystallisation is required by a buyer’s/lender’s solicitor to confirm that:•a floating charge...
An adaptable Word version of this Precedent can be saved, downloaded or printed from this link:Completion statement—saleThis Precedent is a template...
A good marketable title is shown where a seller is able to deduce a good title to the property he has contracted to sell. The seller is not required...
Brexit: The UK left the EU on 31 January 2020. This has implications for the schemes providing for agricultural subsidies in England and Wales, which...
Coronavirus (COVID-19): For information on what to do if an energy performance certificate is required as a condition precedent during the coronavirus...
COVID-19 (Coronavirus): Property values and the ability to carry out physical inspections of properties on behalf of lenders for valuations are likely...
Many of the usual representations and warranties for a typical syndicated loan facility will also be applicable to a real estate finance transaction....
Many of the usual representations and warranties for a typical syndicated loan facility will also be applicable to a real estate development finance...
COVID-19 (Coronavirus): A typical real estate finance facility agreement will require the borrower to collect rent from its occupational tenants and...
What are conditions precedent?In finance transactions, conditions precedent (CPs) are the conditions which the borrower must satisfy:•(usually) before...
What are representations and warranties?The representations and warranties (representations) contained in a facility agreement (and/or legal mortgage)...
Many of the usual conditions precedent (CPs) for a typical syndicated loan facility will also be applicable to a real estate finance transaction. For...
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