'Buyer Beware’ is now ‘Vendor Declare’. Be prepared.

Property lawyer, Michael Lanyon from Colin Biggers & Paisley discusses changes to the Sale of Land Act, and how the dial has shifted from ‘Buyer Beware’ to ‘Vendor Declare’. What does this mean and what do you need to do?

There’s an obligation for owners to declare any issue to do with the property that might influence the purchasers decision to buy. For example; environmental concerns, previous uses for the property.