Sale & Purchase Disputes
Generally, Seller’s information needs to be full, correct and accurate, especially as disputes concerning alleged mis-descriptions of property can have expensive consequences. Compliance with the terms of the contract is another critical area. Non-compliance can lead to delay or even failure to complete. We advise regularly regarding the conditions of sale, serving notices to complete, compensation and other issues arising from sales contracts. We have been involved with various disputes of this type such as “Is the property prone to flooding?”, Will vacant possession be given?”, “Is the Seller aware of any disputes?” are all examples. Some sales contracts are complicated because they have conditions to be fulfilled such as building contracts or purchasing of plan. Such contracts can also have difficult problems such as if the property is not built as agreed or at all. This can relate to insolvency matters with the developer or interpretation issues and disputes regarding what was promised and what has been built. In most cases, we work closely with building surveyors to resolve any interpretation issues and, where possible, find a satisfactory commercial solution.
The sales process can lead to other disputes such as whether or not vacant possession has been given and the condition of the property. We often advise regarding contract interpretation and the law concerning, for example, the type of items that are likely to be included in a sale or items that should be removed from the property by the Seller as well as items that should not be removed, commonly referred to as fixtures.