You will encounter warranties and indemnities in the vast majority of contracts you will be involved in, including for the purchase of your first home or car. The main objective of warranties and indemnities is to allocate rise between the parties, usually a vendor and purchaser. The vendor/seller will look to restrict the scope of … Read more
Are you thinking about buying a property? Or a business? If you are, you need to be cautious and vigilant about the statements you are tempted to rely on, and who is making those statements. Let me explain. I act for large numbers of people who are buying (or selling) property. When I meet the … Read more
When conveyancing, solicitors nowadays will use a standard contract for sale, first introduced in 1976 by the Law Society of Ireland. The introduction of this standard contract was intended to eliminate the need for individual solicitors to draft their own contracts and sought to give a fair balance of rights between buyer and seller. The … Read more
Buying a new house or apartment in the course of construction is significantly different from buying a second hand property. This piece will look at the major differences. Here are the main differences: 1. at contract stage when buying a new property there is usually only a site which will only be a fraction of … Read more