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Collateral Warranties And Agreements For Lease Notes

LPC Law Notes > Advanced Property Law and Practice Notes

This is an extract of our Collateral Warranties And Agreements For Lease document, which we sell as part of our Advanced Property Law and Practice Notes collection written by the top tier of Cambridge And Oxilp And College Of Law students.

The following is a more accessble plain text extract of the PDF sample above, taken from our Advanced Property Law and Practice Notes. Due to the challenges of extracting text from PDFs, it will have odd formatting:

ADVANCED PROPERTY LAW AND PRACTICE WORKSHOP 7 Revision Notes: Collateral Warranties + Agreements for Lease

2 Analysis!
!"Does the [document] say what the clientLevelneeds/wants it to say? If no, what amendments would you recommend?"
!
delete/amend existing clauses

!
!!
!

*

* add new clauses

* be able to justify your proposed amendments

* react to the other sides amendments

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Liability of the Professional Team to 3rd Parties

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It is important that a developer can offer a similar level of protection that it requires from the professional team to its prospective tenants or other 3rd parties (especially if selling pre-lets where a tenant cannot make a structural survey).

!These tenants protection usually come in 2 forms:
!!
warranties (from the professional consultants)
! * collateral
!! * development obligations (from the developer in the agreement for lease) Tenants and other 3rd parties are likely to have similar concerns to that of the developer:
!
Cost Quality
!! Time
!!
!!
!!
!!
!!
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