Many of our clients are extremely anxious about the situation relating to their home move or in the case of business clients, their acquisition or sale of businesses and business premises.
The Government’s advice is fairly clear. There is no need to pull out of transactions, but we all need to ensure that we are following guidance to stay at home and away from others at all times, including specific measures for those who are presenting symptoms, self-isolating or shielding. Prioritising the health of individuals and the public must be the priority to protect lives and the NHS.
There are various different transactions: -
The advice of the Government is that home buyers and renters should, where possible, delay moving into a new house whilst measures are in place to fight the Virus. Their advice is that if you have already exchanged contracts and the property is currently occupied, then you should work together to agree a delay or another way to resolve matter. That could involve both parties walking away from the transaction and any deposit returned.
If moving in unavoidable for contractual reasons and the parties are unable to reach an agreement, people must follow advice in staying away from others to minimise the spread of the Virus.
In line with the Governments advice, anyone with symptoms, self-isolating or shielding from the Virus should follow medical advice which would mean not moving house for the time being if at all possible. All parties should prioritise agreeing amicable arrangements to change move date for individuals in this group or where someone in a chain is in this group. This will affect those who are most vulnerable in the community.
If you have any queries regarding these guidelines, may we suggest that you contact either Mark Ollier firstname.lastname@example.org or Frances Griffiths email@example.com for further information