Purchasing Off Plan
Purchasing Off Plan: Key Risks and Remedies For Property Solicitors
2 - 5pm
Speaker: Ross Taylor
£135+VAT (Member price)
Your clients have visited the Builder’s show-home, paid the deposit and chosen the carpets. Now they want you to act in purchasing their dream new-build property.
The usual way of purchasing domestic property is through exchange of missives. But how apt is that process to the purchase of property not yet built? Do the Scottish Standard Clauses fit? When buying off plan, your client is essentially entering into a construction contract. Time for completion, specification, quality and variations all need to be considered. How will latent defects be addressed and is it safe to rely on warranties such as NHBC?
This seminar will look at some of the problems that have arisen from application of the usual missives process to new build properties; as well as the risks involved in standard builders’ missives. It will consider the extent to which missives ought to be adjusted to make provision for key elements of the build process, in the manner that a building contract may do, so that your clients have protection that:
It will also consider the operation of NHBC cover in dealing with defects.
The seminar will conclude by discussing experiences and looking at how the process may be improved to give clients greater protection.
This seminar will be of interest to Conveyancers, to litigation lawyers faced with a new build disputes, and to in-house counsel for builders.
The event begins at 2pm. Delegate registration is open from 1:30pm.
Ross is the head of Taylor Law. He is a solicitor in Scotland with over twenty years’ experience. Ross is also a Mediator, accredited by Core Solutions Group, and a Notary Public.
Ross is a member of the Chartered Institute of Arbitrators and previously sat on the committee of its Scottish branch; a member of the Law Society of Scotland, previously sitting on its Regulatory Committee; a member of the Chambers of Commerce; a governor of Fife College; and a Governor of Glen Housing Association.
Before launching Taylor Law in July 2010, Ross practiced in Dispute Resolution through-out the legal sector, from small rural firms to firms of national and international standing. He therefore has a comprehensive understanding of the art of Dispute Resolution. Ross understands the importance to all clients, small, medium or large, of managing the resolution or avoidance of disputes in a strategic manner to achieve a commercial solution.
Ross specialises in dispute resolution and avoidance within the Construction sector. He holds a Master of Laws in Construction Law, as well as a Bachelor of Laws with Honours and a Diploma in Legal Practice.