Property contracts: protecting the contract (SCPC (Second Edition) and SCS (Fifth Edition)) | Practical Law

Property contracts: protecting the contract (SCPC (Second Edition) and SCS (Fifth Edition)) | Practical Law

A practice note on the issues to consider when drafting and negotiating a provision in a property sale contract to protect the buyer's interest in the contract between exchange and completion.

Property contracts: protecting the contract (SCPC (Second Edition) and SCS (Fifth Edition))

by Practical Law Property
Law stated as at 30 Apr 2017 • England, Wales
A practice note on the issues to consider when drafting and negotiating a provision in a property sale contract to protect the buyer's interest in the contract between exchange and completion.
In most instances, the sale contract does not need to deal with the possibility that the buyer may register the contract. The note gives examples of situations where specific contractual provisions might be appropriate.
The note also briefly considers when it might be appropriate for the seller to protect the contract.
This practice note is no longer maintained. On 1 May 2017, the Standard Commercial Property Conditions (Third Edition) (SCPC (Third Edition)) were introduced. We have produced a practice note that refers to the SCPC (Third Edition), see Practice note, Property contracts: protecting the contract (SCPC (Third Edition) and SCS (Fifth Edition)).