Early notice risk
Series: Property Week ; 66(36) 7 September 2001, 138(1)Publication details: 2001Subject(s): Summary: Considers CA ruling in "Omar v El-Wakil" highlighting the role of the deposit in land contracts, and the risks of serving 'notices to complete' prematurely. Parties must ensure they are 'ready, able and willing to complete' on the date specified in a notice to complete. Outlines the circumstances in which the court is prepared to exercise its discretion under Law of Property Act 1925 s49(2) and order the return of a purchaser's deposit - even to a defaulting buyer.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS64593 (Browse shelf(Opens below)) | 1 | Available | 114623-1001 |
Considers CA ruling in "Omar v El-Wakil" highlighting the role of the deposit in land contracts, and the risks of serving 'notices to complete' prematurely. Parties must ensure they are 'ready, able and willing to complete' on the date specified in a notice to complete. Outlines the circumstances in which the court is prepared to exercise its discretion under Law of Property Act 1925 s49(2) and order the return of a purchaser's deposit - even to a defaulting buyer.