“The principle that underlies rule 6A is that it is wrong for a seller to deal simultaneously with more than one potential buyer, unless each of the buyers is made aware of this at the outset… Solicitors are therefore barred… from acting for a seller who is [so dealing], unless each buyer is aware of the other. This applies both to commercial and residential properties.”
Having thus set the scene in
A sequel,
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“The principle that underlies rule 6A is that it is wrong for a seller to deal simultaneously with more than one potential buyer, unless each of the buyers is made aware of this at the outset… Solicitors are therefore barred… from acting for a seller who is [so dealing], unless each buyer is aware of the other. This applies both to commercial and residential properties.”
Having thus set the scene in Play by the rules Estates Gazette 14 October 2000, p206, Peter Williams, of Eversheds, goes on to explain how this rule applies to contract races and why even the wiliest seller would be hard pushed to find a loophole.
A sequel, Put into practice Estates Gazette 21 October 2000, p169, identifies a number of situations where it is far from obvious that the rule has to be considered.
