Application to cancel a unilateral notice protecting a purchase agreement of office premises. The purchase agreement provided for completion 28 days after 20 December 2005 but it was not until November 2015 that the vendors served a Notice to Complete. The Notice to Complete required completion within 10 working days. The purchaser did not comply with the Notice to Complete and a Notice of Rescission was served. Held that the purchase agreement had been validly rescinded and that the unilateral notice should be cancelled. Despite being represented by Counsel, the director of the purchaser company sought and was granted permission to carry out the cross-examination of the vendor’s witnesses with Counsel subsequently making closing submissions on behalf of the purchaser company
Citations:
[2019] UKFTT 111 (PC)
Links:
Jurisdiction:
England and Wales
Landlord and Tenant
Updated: 13 October 2022; Ref: scu.644507