Does the contractual right to vacant possession merge with the conveyance at completion?

Study for the CILEx Conveyancing Level 6 Exam. Understand the essential concepts with detailed explanations and hints. Prepare thoroughly with our comprehensive quiz!

Multiple Choice

Does the contractual right to vacant possession merge with the conveyance at completion?

Explanation:
Vacant possession is a contractual entitlement arising from the contract for sale. The conveyance transfers the legal title, but it does not extinguish the buyer’s right to occupy the property that was promised in the contract. Therefore the right to vacant possession remains a contractual obligation that must be fulfilled at completion. If possession isn’t delivered, the buyer can pursue remedies for breach of contract (and not rely solely on the conveyance’s terms). The deed may contain covenants about title, but those do not replace the contract's promise to provide vacant possession.

Vacant possession is a contractual entitlement arising from the contract for sale. The conveyance transfers the legal title, but it does not extinguish the buyer’s right to occupy the property that was promised in the contract. Therefore the right to vacant possession remains a contractual obligation that must be fulfilled at completion. If possession isn’t delivered, the buyer can pursue remedies for breach of contract (and not rely solely on the conveyance’s terms). The deed may contain covenants about title, but those do not replace the contract's promise to provide vacant possession.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy