UK residential market: off-plan buyers beware
The residential market, particularly in London, continues to be very active with new developments coming to the market. We see this trend continuing as there is still a distinct shortage of residential units in London.
Many buyers purchase off-plan from a developer well in advance of the estimated construction completion date. Very often, a buyer will negotiate a right to sell on his or her purchase contract to a sub-buyer. Whether or not this is achievable is a matter for negotiation with the developer.
Where sub-sales are accepted by a developer then, depending on the terms of the original contract, the onward sale to the sub-buyer can be by way of sub-sale contract or, more usually, by way of an assignment of the original purchase contract…
Click on the link below to read the rest of the Dentons briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Dentons
News from The Lawyer
Briefings from Dentons
The total of safety fines paid for the 24 December 2009 swing stage collapse fatalities is now $1.24m (£790,000).
Two more milestones in the implementation of UK Electricity Market Reform have been passed.
Analysis from The Lawyer
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all
The continent’s boom in natural resources and renewable energy is sparking an infrastructure drive