Hi guys.
I'm currently stuck and would like to know about contract law and whether the Vendor's section 52 statement under section 52 of the Estate Agents Act 1980 can be waived when preparing a contract? If both parties agree they do not require the statement because they are aware the business is suffering a loss, what can possibly be done under commercial law? Is there a waiver form? Or is the section 52 statement compulsory?
Regards
I'm currently stuck and would like to know about contract law and whether the Vendor's section 52 statement under section 52 of the Estate Agents Act 1980 can be waived when preparing a contract? If both parties agree they do not require the statement because they are aware the business is suffering a loss, what can possibly be done under commercial law? Is there a waiver form? Or is the section 52 statement compulsory?
Regards