Don't get carried away
Language: English Series: Estates Gazette ; (0801) 12 January 2008, 130-131(2)Publication details: 2008Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L141962 (Browse shelf(Opens below)) | 1 | Available | 141962-1001 |
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.