Text for CQS CPMS Policy
CQS Policy: Building Safety Act 2022 - Purchase & Sale Cases
Purchase this policy: Purchase of a Leasehold policy
- Change date
- 07/06/2023
- Word count
- 767
- Deployment measure
- 7/10
Rationale
Draft policy provision to be varied on a firm by firm basis setting out the expectation of lawyers when it comes to this evolving and uncertain area of law. It will require further editing as the industry comes to terms with the Act. The wording takes into consideration lender requirements.
Lawyers must check the individual lenders requirements as per 5.14.17 of the UK Finance Lenders’ Handbook. Lenders are increasingly setting out and changing their requirements for properties that have external wall systems (often generically termed cladding) that require remediation under
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