Contributed By Hawkins Hatton Corporate Lawyers Ltd
In commercial property transactions, the seller is asked to provide replies to commercial property standard enquiries (CPSEs). These raise by way example questions regarding:
The answers provided in the replies to CPSEs constitute warranties provided by the seller to the buyer.
The remedies for misrepresentation are rescission and/or damages subject to whether the misrepresentation was fraudulent, negligent or innocent.