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Tag: Commercial Property, Contract

Charity’s Abortive £8 Million Properties Sale Triggers High Court Test Case

Charity’s Abortive £8 Million Properties Sale Triggers High Court Test Case

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Before disposing of real property assets, charities are required to meet a number of procedural safeguards that are designed to ensure that the best price reasonably obtainable is achieved. The High Court gave detailed consideration to those provisions in a case concerning a charity’s abortive

Contracting to Buy Property Without Finance in Place is a High-Risk Strategy

Contracting to Buy Property Without Finance in Place is a High-Risk Strategy

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Those who enter into contracts to acquire property without having adequate finance in place beforehand do so at considerable risk. In a High Court case on point, a property developer forfeited its six-figure deposit after failing to complete the £2,225,000 purchase of an office block