Drafting Commercial Property Contracts - What Should the Contract Provide?

Introduction

Any contract for the sale of land must be fit for purpose. Every property and client are totally different so the contract should reflect this.

As well as covering the relevant Standard Commercial Property Conditions, this virtual classroom seminar will highlight the key questions to ask your clients when drafting and negotiating contracts.

What You Will Learn

This live and interactive course will cover the following:

• Who should insure between exchange and completion?
• What needs to be included to cover VAT and TOGC's?
• How should the contract deal with apportionments?
• What are the possible options to cover arrears?
• What issues arise with leasehold properties - when is consent given and what exactly can the buyer be required to do?
• How should you deal with management issues between exchange and completion - who has control of applications for consents, ongoing proceedings and outstanding rent reviews?
• What do the Conditions provide for completion? What happens when completion is late and what levels of compensation are the parties entitled to?
• What is the position when completion doesn’t happen? What do you need to consider before serving a notice to complete and what if that notice is invalid?

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.