Regulation 30 Exception – 1st June 2007 to 31st October 2007

(1)

In this regulation, “transitional period” means the period starting with 1st June 2007 and ending with 31st October 2007.

(2)

Subject to paragraph (4), a seller or a person acting as an estate agent for a seller is not a responsible person in relation to a property by virtue of action taken during the transitional period, by him or on his behalf, which makes public the fact that the property is on the market^f1 where, before that period begins—

(a)

the property was put on the market; and

(b)

further action was taken by him or on his behalf to market the property.

(3)

Subject to paragraph (4), the duties under sections 155 to 159 of the 2004 Act do not apply in relation to a property which is put on the market during the transitional period where—

(a)

it was put on the market by or on behalf of the seller before that period begins;

(b)

it remained on the market until it was taken off the market because the seller accepted an offer to buy the property; and

(c)

it is put back on the market within 28 days of that offer being withdrawn or its acceptance repudiated.

(4)

Paragraphs (2) and (3) cease to apply at the end of the transitional period.

Annotations

Footnotes

f1: See sections 151, 152(1)(b) and 153(1)(b) of the 2004 Act.