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The great escape

By: Language: English Series: Property Week ; 73(23) 6 June 2008, 82-83(2) Publication details: 2008Subject(s): Summary: Reports that buyers wish to avoid contracts due to a falling market in property prices. However, sellers want to have binding contracts. Explains the legal tactics involved for both parties. Identifies two issues affecting the enforceability of contracts: the ability to serve a notice to complete and the use of special purpose vehicles (SPV).

Reports that buyers wish to avoid contracts due to a falling market in property prices. However, sellers want to have binding contracts. Explains the legal tactics involved for both parties. Identifies two issues affecting the enforceability of contracts: the ability to serve a notice to complete and the use of special purpose vehicles (SPV).