Archive for the ‘Conveyancing and Leases’ Category

Another Consequence Of Defaulting On Your Property Purchase

Author: Michael Adendorff

Thursday, August 21st, 2008

Being an accommodating purchaser who agrees to a release of deposit increases risk in yet another way. If you exchange contracts to purchase property and cannot complete, you may lose more than your deposit and any deficit in eventual sale price.
In a case decided early 2008 a vendor had exchanged contracts to sell his [...]


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How Not To Exercise A Purchase Option

Author: Michael Adendorff

Wednesday, August 20th, 2008

The following case illustrated that it often helps to talk to a solicitor about the terms of a contract before acting on what you thought was right.
  
A purchase of shares in a retailer company fell through because the buyers failed to follow the prescribed procedure after exercising their option to purchase. In this case a [...]


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Residential Conveyancing

Author: Michael Adendorff

Wednesday, August 20th, 2008

The following case illustrated that it often helps to talk to a solicitor about the terms of a contract before acting on what you though was right.
  
A purchase of shares in a retailer company fell through because the buyers failed to properly follow the prescribed procedure after exercising their option to purchase. In this case [...]


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