In March 2020, the Law Society released advice on using the variation agreement during coronavirus (COVID-19) measures, including a draft specimen clause.
Social distancing requirements have had an impact on property completions.
If completion cannot take place when scheduled, the priority is public health and trying to achieve what your client reasonably wants.
Our advice on using the variation agreement includes:
- contracts exchanged but not completed
- position under Standard Conditions of Sale (5th edition, 2018 revision)
- rescission
- deferred completion
- explaining the risks to clients
- email notices and authority
- Wales and cross border
- written instructions.
