Cross-Leases - Requisitions, Defects and Resolution (Paper)

Materials comprised of a Paper and PowerPoint Handout.

Presenters

Thomas Gibbons, Principal, Thomas Gibbons Law 

Angus Grayson, Director, HouseMe Legal Limited

Synopsis

Cross-leases continue to give rise to practical issues and difficult questions. The purpose of this paper is to illustrate common issues that come up at the purchase and requisition stages, identify potential solutions, and help explain tricky issues to clients.

These Materials will help you:

• Refresh your knowledge of the relationship between requisitions and contractual conditions.
• Reflect on the practical issues that arise, at the purchase and requisition stages. 
• Benefit from a deeper dive into requisitions and contractual conditions in respect of cross-leases, including:

          - inconsistencies between leases

          - what amounts, or does not amount, to a “defective” title, and the implications of this

          - due diligence purchase issues

          - common requisition issues

          - deal-breakers and pragmatic solutions

          - how to explain tricky issues to clients, with assistance from case studies.

Intended Audience

Property lawyers, property litigators, general practitioners and legal executives.