Don't get carried away
Bevan, Lisa
Don't get carried away - 2008 - Estates Gazette (0801) 12 January 2008, 130-131(2) .
Considers the value of lock-out agreements for buyers, sellers, estate agents and lawyers. Such agreements will deal with issues of the lock-out period; the buyer's and seller's obligations; and the conditions for return of the buyer's deposit. Examines breaches of the agreement and potential remedies, including injunctions and damage payments. Warns that many buyers see the lock-out agreement as a greater guarantee than it actually represents. Agents tend to be more in favour of it than lawyers, who can see it as a distraction from the conveyancing process.
United Kingdom--
Don't get carried away - 2008 - Estates Gazette (0801) 12 January 2008, 130-131(2) .
Considers the value of lock-out agreements for buyers, sellers, estate agents and lawyers. Such agreements will deal with issues of the lock-out period; the buyer's and seller's obligations; and the conditions for return of the buyer's deposit. Examines breaches of the agreement and potential remedies, including injunctions and damage payments. Warns that many buyers see the lock-out agreement as a greater guarantee than it actually represents. Agents tend to be more in favour of it than lawyers, who can see it as a distraction from the conveyancing process.
United Kingdom--