SCPC 3rd Edition - Revisions, Additions and Consequences

SCPC - 3rd Edition - Revisions, Additions and Consequences

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Course Overview

Familiarity with the Standard Commercial Property Conditions (SCPC), a set of conditions which attempt to ensure a fair balance between a seller and buyer, is a must for any conveyancing practitioner.

Delivered by lecturer and experience property practitioner Richard Quenby, this session will provide viewers with an overview of the major changes contained within the third edition of the Standard Commercial Property Conditions including:

·         Service of documents - Emails are now deemed received within one hour after dispatch

·         VAT – The VAT position under the 3rd edition is a reversal of that under the 2nd edition

·         Payment – Steps have been taken to strengthen the procedures for money laundering compliance in relation to both the deposit and the completion monies

·         Leasehold management between exchange and completion

·         Boundaries – Seller has no obligation to prove the exact boundaries of the property or who owns the boundary features.

·         Property at buyer’s risk - Express statement that the property is at the buyer’s risk from the date of the contract (SCPC 8.1).

The following topics will also be discussed:

·         Insurance

·         Apportionment

·         Notice to complete

·         Remedies for misdescription of contents

·         Leases – New provisions

·         Capital allowances

·         New special conditions

·         Default interest

What are the requirements?

  • Watch the recorded webinar, review the supporting documentation and complete the short quiz to test your legal knowledge.
  • This course provides 0.5 - 1 CPD point (depending on length of time spent reviewing the supporting documentation).

Learning Outcomes

  • On completion of this course you will have a greater understanding of the changes contained within the 3rd edition Standard Commercial Property Conditions and the impact this will have on conveyancing practice

What is the target audience?

  • This course is suitable for conveyancing practitioners of all levels

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About Instructor - Richard Quenby

Richard was called to the Bar in 1985. For the next thirteen years he practised at the Chancery Bar in Manchester, where he specialised in landlord and tenant, commercial property and insolvency work.

Richard now works as a freelance writer, tutor and lecturer. His published articles have appeared in Estates Gazette, Property Week, Legal Week and The Lawyer. He is also the co-author of Flat Schemes in Residential and Mixed Use Developments, published by Bloomsbury Publishing.

Course Curriculum

Recorded Webinar

  • Webinar
    00:27:31

Supporting Documentation

  • Notes
    10 Page
  • Slides
    6 Page
  • Discussion Questions and Further Reading
    1 Page

Quiz

  • Quiz
     

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  • Price
  • £ 60