Buying Commercial Property · glossary

Rescission

Ending a contract so that neither side must go on with it. A buyer misled by a misrepresentation may rescind. Under the contract either side may rescind after serious damage before completion, and the seller may rescind once a notice to complete runs out, keeping the deposit. Contract 10.3 · Chapter 5 · Chapter 7

Explained in Chapter 5, Enquiries, Survey and the Price, of Buying Commercial Property.

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