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HIPs to slip through massive Government loop-hole [electronic resource]

By: Language: English Publication details: London RICS 2007Subject(s): Online resources: Summary: Reports that the RICS believes it has identified a loophole in the Government's HIP regulations. Sellers may only need to commission a pack prior to the exchange of contracts. After the exchange, there will be no penalties if the pack is not delivered. If correct, this would effectively provide a way for sellers to avoid the cost of the packs.
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Item type Current library Call number Copy number Status Barcode
Journal article Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 138530-1001

Reports that the RICS believes it has identified a loophole in the Government's HIP regulations. Sellers may only need to commission a pack prior to the exchange of contracts. After the exchange, there will be no penalties if the pack is not delivered. If correct, this would effectively provide a way for sellers to avoid the cost of the packs.