In this week’s Conveyancing Q&A, Hilary Jenkins shows you what a sunset clause is.
What is a sunset clause?
A sunset clause basically gives an end date for a certain thing to be completed, after which date a party to the contract can take certain action (such
as dance the agreement or be refunded a retention).
Often this relates to a developer or builder obtaining a title or a CCC for a new section or house but can be for anything else that is time focussed.
Sunset clauses do need be carefully drafted to ensure you are actually able to take the actions you expect.
Disclaimer – The answer provided above is informational and should not be relied upon as legal advice. For personalised legal advice, please feel free to contact Lifestyle Legal Services Limited or your professional legal advisor directly.
Hilary is the director of Lifestyle Legal Services and a veteran of the conveyancing industry having built up an impressive work history of over 20 years (15 of which as a Registered Legal Executive).
To date, Hilary has played an integral part in the success of a wide range of residential and commercial transactions. Lifestyle Legal stem out of Hilary’s passion for the property industry and desire to offer clear and down-to-earth advice for her customers.
Do you have any conveyancing related questions for Hilary? Email your questions through to [email protected].