Buying Commercial Property · glossary

Priority period

The time an official search with priority holds the searcher's place: thirty working days after the day of the search. An application lodged within it ranks ahead of anything someone else applies for meanwhile. Diarise its end, with a reminder a week before. Chapter 10 · see AP1

Explained in Chapter 10, After Completion: Tax and Registration, of Buying Commercial Property.

How it comes up, in Chapter 10
The answer was clear: no new entries. The place lasts for the priority period, thirty working days after the day of the search. For this search it ended at midnight on 20 July. Any entry someone else applies for in that period ranks behind the searcher's application, if that application is lodged within the period (section 72 of the same Act).
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