Property contracts: Buyer to buy arrears on completion | Practical Law

Property contracts: Buyer to buy arrears on completion | Practical Law

A clause for inclusion in a contract for the sale of commercial property subject to commercial lease(s) requiring the buyer to "buy" any arrears that are due to the seller from the occupational tenant(s) by paying an equivalent sum to the seller on completion.

Property contracts: Buyer to buy arrears on completion

Practical Law UK Standard Clause w-025-1689 (Approx. 14 pages)

Property contracts: Buyer to buy arrears on completion

Maintained, England, Wales
A clause for inclusion in a contract for the sale of commercial property subject to commercial lease(s) requiring the buyer to "buy" any arrears that are due to the seller from the occupational tenant(s) by paying an equivalent sum to the seller on completion.