Property contracts: release of the seller (SCPC (Third Edition - 2018 Revision)) | Practical Law

Property contracts: release of the seller (SCPC (Third Edition - 2018 Revision)) | Practical Law

This note looks at the issues to consider when drafting or negotiating a clause in a property sale contract requiring the buyer to help the seller achieve a release from liability under its landlord covenants.

Property contracts: release of the seller (SCPC (Third Edition - 2018 Revision))

Practical Law UK Practice Note w-008-0879 (Approx. 6 pages)

Property contracts: release of the seller (SCPC (Third Edition - 2018 Revision))

MaintainedEngland, Wales
This note looks at the issues to consider when drafting or negotiating a clause in a property sale contract requiring the buyer to help the seller achieve a release from liability under its landlord covenants.
This provision will be relevant only where the property is being sold subject to an occupational lease that is a "new" tenancy under the Landlord and Tenant (Covenants) Act 1995.