• Property At Buyer's Risk

    By Guest on 12th Jul 2016

    What is your view about the clause in 5th Edition of Standard Conditions of Sale which put the property at the risk of the buyer from exchange? Is it reasonable to ask for this to be deleted?
    The context is a leasehold purchase. As the seller is under a duty to insure, it seems odd to keep the property at the buyer's risk.
    If 6.1.1. is not deleted in a leasehold sale, does the buyer face any practical risks, despite the fact the seller is contractually bound to ensure that insurance stays in place?

  • 1 Answers

    By Guest on 12/07/2016

    With a leasehold property it is usually the landlords' duty to insure, which renders the point fairly irrelevant

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