21 August, 2017
The Standard Commercial Property Conditions (SCPC) are a set of conditions to be incorporated into a contract for sale or grant of a lease of commercial property. Most conditions that are needed in a contract are similar and the SCPC are a set of conditions that have been drafted by an independent body to try to standardise things. The intention is that the conditions strike a fair balance between a seller and buyer.
A third edition of the Standard Commercial Property Conditions has recently been published. A few of the important changes introduced by the third edition are as follows:
It is important to get advice on the above before entering into a contract for sale and purchase or before granting or entering into a lease. For more information please contact one of our Commercial Property solicitors on 0800 689 0831 or make an enquiry here.