Buying Commercial Property · glossary
A sale of a building empty, with nobody inside and nobody holding a right from the seller to occupy it. Clause 2.3 tests the promise on completion. It protects the buyer against occupiers' rights, which the register does not show. Contract 2.3 · Chapter 1 · Chapter 3
Explained in Chapter 1, What a Property Deal Is, of Buying Commercial Property.
Fellgate needs to move in on the day it pays. So Holmfield sells with vacant possession, which means the building is empty and nobody has a right to be there.Read Chapter 1, What a Property Deal Is →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Buying Commercial Property and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
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