New Code for Exchange of Property Contracts - 7 Main Aspects & More

Introduction

Exchange of property contracts takes place when both parties are ready to progress to the final stage. It is probably the most important part of the conveyancing process, after which a completion date is agreed, and the contract becomes legally binding.

However, the way property contracts are exchanged is changing. The Law Society proposes to introduce a new code for signing and exchanging property contracts that would work for conveyancers, firms and clients. In this webinar, Legal Director at Ellisons Solicitors, Charlene Boyaram, provides an overview on the new code.

What You Will Learn

This short webinar will cover the following:

• Introducing the draft code for signing and exchanging property contracts - 7 main aspects
• Adopting the code
• Advantages for the new code
• Potential disadvantages for the new code
• Will this new code come into action? If so, when

This pre-recorded webinar will be available to view from Tuesday 21st January 2025

Alternatively, you can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email [email protected] for more details.