"Vacant possession" what does it mean ?
Language: English Series: Hogan Lovells Real Estate Quarterly ; Spring 2011, 6-7(2)Publication details: 2011Subject(s): Summary: "Vacant possession" is a widely used term in the property world found in: sale and purchase contracts, leasehold rent review clauses, covenants to yield up, settlement agreements, and even court possession orders. Suggests that the definition of "vacant possession" might be more complicated than a layman's description of "empty property". Outlines the judicial perspective as exemplified by Lewison J's classic analysis in "Legal and General Assurance v Expeditors International (UK) (see L133589). Examines the issue of chattels becoming fixtures and concludes that context is of overriding importance in arriving at a correct definition.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L152836 (Browse shelf(Opens below)) | 1 | Available | 152836-1001 |
"Vacant possession" is a widely used term in the property world found in: sale and purchase contracts, leasehold rent review clauses, covenants to yield up, settlement agreements, and even court possession orders. Suggests that the definition of "vacant possession" might be more complicated than a layman's description of "empty property". Outlines the judicial perspective as exemplified by Lewison J's classic analysis in "Legal and General Assurance v Expeditors International (UK) (see L133589). Examines the issue of chattels becoming fixtures and concludes that context is of overriding importance in arriving at a correct definition.