Agency Agreements
News Update
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Wright & Wright LLP
54 Chertsey Street
Guildford, Surrey GU1 4HD
+44 (0)1483 531264
Greetings!

As the market gently recovers there is always something to keep an eye on and today it is the High Court case of Estafnous v London & Leeds Business Centres Limited.
 
The High Court considered the meaning of an estate agency agreement which provided for a payment of £2 million commission to the agent when the buyer completed a purchase of "the property".

The transaction was restructured from a straightforward property sale to a share sale.
The High Court held that, although the agent had "introduced" the buyer within the meaning of the agreement, no commission was due to the agent as the share purchase was not a purchase of "the property".

Estate agents should ensure that their agreements are clearly worded so that their commission entitlement is not affected by how the deal is structured. 
 
We are happy to work with you in any compliancy work such as this. Do call if you want any further information.
 
Best Wishes

Julian Sampson
Conveyancing Online Systems
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The 280 HIP Getting it right first time and on time
Perfect Security logoOur work in providing the most streamlined HIP process available in the area is paying off.
 
We have developed post-April regulation compliant HIPs and tested them.
 
Your Clients can complete the new Property Information Questionnaires and their Sales Statements online and these are automatically validated and imported into our system. No printing off required- no bad handwriting being a problem!
 
In addition our relationships with title insurers means we can re-validate expired searches as part of our HIP HAPPY campaign.
 
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This private and confidential update on our services has been sent by Wright & Wright LLP as you have registered with the online Orbiter system. Wright & Wright LLP is regulated by the Solicitors Regulation Authority and is a limited liability partnership registered in England and Wales under number OC310426. All introductions are subject to an initial compliance audit and agreement terms.