OpenLegislation

Paragraph 8 Permitted limit on liability for financial loss

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

The amount of the financial compensation referred to in paragraphs 4(g) and 7(b) may be limited to the amount the potential or actual buyer reasonably believed to be the value of the property interest—

(a)

at the time the search report was completed; and

(b)

for the purposes of residential use.