Buying Commercial Property · glossary
Three words that bring the seller's standard promises into the sale: that it has the right to sell, and that the land is free of charges and other people's rights. The promises never cover what the buyer already knows, and clause 2.2 says so. Contract 2.2 · Chapter 3
Explained in Chapter 3, Reading the Title, of Buying Commercial Property.
Also explained in M&A Foundations.
Holmfield sells with full title guarantee. Those three words bring the seller's promises into the sale without writing them out. The main promises are that the seller has the right to sell, and that the land is free of charges and other people's rights. The second promise leaves out rights the seller does not know about and could not reasonably know about.Read Chapter 3, Reading the Title →
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