Restrictive practice condition imposed by seller
This is a discussion on Restrictive practice condition imposed by seller within the Buying & Selling Property forum, part of the REAL ESTATE & PROPERTY LAW category; I am interested in purchasing a property which is currently trading as a public house with restaurant and letting rooms. ...
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Dec 6th, 2007, 04:47 PM
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Restrictive practice condition imposed by seller
I am interested in purchasing a property which is currently trading as a public house with restaurant and letting rooms. The current owner is a pub chain and are insisting that the sale is on the basis that the premises are not used to sell or dispense alcohol, i.e. will not be licenced in any way.
I believe this is unreasonable and must somehow fall under the auspices of restrictive trade. Is this "condition" legal and enforceable ? Thanks for your consideration |
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Dec 9th, 2007, 08:39 PM
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Re: Restrictive practice condition imposed by seller
They can ask you agree contractually.
but they may not be able to bind and party you sell to... |
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