The standard conditions of sale (SCS) has been updated and the fourth edition is scheduled to take effect on 13 October 2003.
The SCS is intended primarily for use in residential sales and in the sale of small business premises.
The new edition takes account of the changes made by the Land Registration Act 2002 and also anticipates the implementation of part 1 of the Commonhold and Leasehold Reform Act 2002.
Copies of SCS will be available from Oyez Straker Office Supplies, tel: 01908 361166.
Explanatory notes to the SCS give full details of all the changes in the fourth edition.
These notes will be distributed by Oyez with initial orders for SCS and may also be viewed on the conveyancing-residential section of the Law Society's Web site at: www.lawsociety.org.uk.
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