There have been a number of cases in the UK where the meaning of vacant possession has been discussed. In the context of a conditional break clause, is an obligation on the tenant to "give up occupation of the Premises" on the break date a lesser obligation than an obligation to "give vacant possession" on the break date. In no event shall Mondaq and/or its respective suppliers be liable for any special, indirect or consequential damages or any damages whatsoever resulting from loss of use, data or profits, whether in an action of contract, negligence or other tortious action, arising out of or in connection with the use of the Content or performance of Mondaq’s Services.Mondaq may alter or amend these Terms by amending them on the Website. In the event English law deprives you of any legal protection which is accorded to you under Local Law, then these terms shall be governed by Local Law and any dispute or claim arising out of or in connection with these Terms shall be subject to the non-exclusive jurisdiction of the courts where you are habitually resident.You may print and keep a copy of these Terms, which form the entire agreement between you and Mondaq and supersede any other communications or advertising in respect of the Service and/or the Website. When property is sold, leased or vacated, it is common that agreements require that ‘vacant possession’ (VP) is given so that the property is physically and legally fit for occupation. Vacant possession. Mondaq grants you a non-exclusive, revocable licence to access the Website and associated services, such as the Mondaq News Alerts (Services), subject to and in consideration of your compliance with the following terms and conditions of use (Terms). Once personal data is transferred to our Contributors they become a data controller of this personal data. Where a vendor or landlord has failed to give vacant possession, a purchaser may seek specific performance, damages and/or elect to rescind the contract. Applying to both residential and commercial properties, put simply, vacant possession means that the property you are buying or selling will be empty on the day of completion (the day the legally binding contracts are exchanged).
Real Estate: Obtaining vacant possession and the impact on land development. of vacant possession has been discussed. Our services are paid for by Contributors in exchange for Mondaq providing them with access to information about who accesses their content. Despite the importance of the term vacant possession to both property owners and tenants, the term is not defined in legislation, nor is there a clear Irish authority confirming what is meant by vacant possession. If you would like to learn how Lexology can drive your content marketing strategy forward, please email " I am very pleased with the content of the Lexology newsfeeds.
by In addition, a property developer, acquiring a site for development, may want a seller to deliver vacant possession if he/she intends to redevelop or demolish an existing building. The front page of the 2005 edition of the Contract for the Sale of Land deals with possession that will be provided on settlement. Content is for general information only. What's on Practical Law? Mondaq may terminate your use of the Website and Services if you are in breach of these Terms or if Mondaq decides to terminate the licence granted hereunder for any reason whatsoever.To Use Mondaq.com you must be: eighteen (18) years old or over; legally capable of entering into binding contracts; and not in any way prohibited by the applicable law to enter into these Terms in the jurisdiction which you are currently located.
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vacant possession uk