Common use of Stakeholding Clause in Contracts

Stakeholding. 12.1 The deposit must be released to the vendor if: (a) the vendor provides particulars, to the satisfaction of the purchaser, that either- (i) there are no debts secured against the property; or (ii) if there are any debts, the total amount of those debts do not exceed 80% of the sale price; and (b) at least 28 days have elapsed since the particulars were given to the purchaser under paragraph (a); and (c) all conditions of section 27 of the Sale of Land Act 1962 have been satisfied. 12.2 The stakeholder must pay the deposit and any interest to the party entitled when the deposit is released, the contract is settled, or the contract is ended. 12.3 The stakeholder may pay the deposit and any interest into court if it is reasonable to do so.

Appears in 6 contracts

Sources: Contract of Sale, Contract of Sale, Contract of Sale

Stakeholding. 12.1 The deposit must be released to the vendor if: (a) the vendor provides particulars, to the satisfaction of the purchaser, that either- (i) there are no debts secured against the property; or (ii) if there are any debts, the total amount of those debts do does not exceed 80% of the sale price; and (b) at least 28 days have elapsed since the particulars were given to the purchaser under paragraph (a); and (c) all conditions of section 27 of the Sale of Land Act 1962 have been satisfied. 12.2 The stakeholder must pay the deposit and any interest to the party entitled when the deposit is released, the contract is settled, or the contract is ended. 12.3 The stakeholder may pay the deposit and any interest into court if it is reasonable to do so.

Appears in 3 contracts

Sources: Contract of Sale of Real Estate, Contract of Sale, Contract of Sale

Stakeholding. 12.1 The deposit must be released to the vendor if: (a) the vendor provides particulars, to the satisfaction of the purchaser, that either-either - (i) there are no debts secured against the property; or (ii) if there are any debts, the total amount of those debts do does not exceed 80% of the sale price; and (b) at least 28 days have elapsed since the particulars were given to the purchaser under paragraph (a); and (c) all conditions of section 27 of the Sale of Land Act 1962 have been satisfied. 12.2 The stakeholder must pay the deposit and any interest to the party entitled when the deposit is released, the contract is settled, or the contract is ended. 12.3 The stakeholder may pay the deposit and any interest into court if it is reasonable to do so.

Appears in 3 contracts

Sources: Contract of Sale of Real Estate, Contract of Sale of Real Estate, Contract of Sale of Real Estate

Stakeholding. 12.1 The deposit must be released to the vendor ifif : (a) the vendor provides particulars, to the satisfaction of the purchaser, that either-either— (i) there are no debts secured against the property; or (ii) if there are any debts, the total amount of those debts do does not exceed 80% of the sale price; and (b) at least 28 days have elapsed since the particulars were given to the purchaser under paragraph (a); and (c) all conditions of section 27 of the Sale of Land Act 1962 have been satisfied. 12.2 The stakeholder must pay the deposit and any interest to the party entitled when the deposit is released, the contract is settled, or the contract is ended. 12.3 The stakeholder may pay the deposit and any interest into court if it is reasonable to do so.

Appears in 3 contracts

Sources: Contract of Sale of Real Estate, Contract of Sale of Real Estate, Contract of Sale of Real Estate

Stakeholding. 12.1 The deposit must be released to the vendor if: (a) the vendor provides particulars, to the satisfaction of the purchaser, that either-either— (i) there are no debts secured against the property; or (ii) if there are any debts, the total amount of those debts do does not exceed 80% of the sale price; and (b) at least 28 days have elapsed since the particulars were given to the purchaser under paragraph (a); and (c) all conditions of section 27 of the Sale of Land Act 1962 ▇▇▇ ▇▇▇▇ have been satisfied. 12.2 The stakeholder must pay the deposit and any interest to the party entitled when the deposit is released, the contract is settled, or the contract is ended. 12.3 The stakeholder may pay the deposit and any interest into court if it is reasonable to do so.

Appears in 2 contracts

Sources: Contract of Sale Leasehold, Contract of Sale

Stakeholding. 12.1 The deposit must be released to the vendor if: (a) the vendor provides particulars, to the reasonable satisfaction of the purchaser, that either-either— (i) there are no debts secured against the property; or (ii) if there are any debts, the total amount of those debts do not exceed 80% of the sale price; and (b) at least 28 days have elapsed since the particulars were given to the purchaser under paragraph (a); and (c) all conditions of section 27 S27 of the Sale of Land Act 1962 have been satisfied. 12.2 The stakeholder must pay the deposit and any interest to the party entitled when the deposit is released, the contract is settled, or the contract is ended. 12.3 The stakeholder may pay the deposit and any interest into court if it is reasonable to do so.

Appears in 2 contracts

Sources: Contract of Sale of Real Estate, Contract of Sale

Stakeholding. 12.1 The deposit must be released to the vendor if: (a) the vendor provides particulars, to the satisfaction of the purchaser, that either-either: (i) there are no debts secured against the property; or (ii) if there are any debts, the total amount of those debts do not exceed 80% of the sale price; and (b) at least 28 days have elapsed since the particulars were given to the purchaser under paragraph (a); and (c) all conditions of section 27 of the Sale of Land Act 1962 have been satisfied. 12.2 The stakeholder must pay the deposit and any interest to the party entitled when the deposit is released, the contract is settled, or the contract is ended. 12.3 The stakeholder may pay the deposit and any interest into court if it is reasonable to do so.

Appears in 1 contract

Sources: Contract of Sale of Real Estate

Stakeholding. 12.1 The deposit must be released to the vendor if: (a) the vendor provides particulars, to the satisfaction of the purchaser, that either- (i) there are no debts secured against the property; or (ii) if there are any debts, the total amount of those debts do not exceed 80% of the sale price; and (b) at least 28 days have elapsed since the particulars were given to the purchaser under paragraph (a); and (c) all conditions of section 27 of the Sale of Land Act 1962 have been satisfied. 12.2 The stakeholder must pay the deposit and any interest to the party entitled when the deposit is released, the contract is settled, or the contract is ended. 12.3 The stakeholder may pay the deposit and any interest into court if it is reasonable to do so.

Appears in 1 contract

Sources: Contract of Sale of Real Estate

Stakeholding. 12.1 The deposit must be released to the vendor if: (a) the vendor provides particulars, to the satisfaction of the purchaser, that either- (i) either: there are no debts secured against the property; or (ii) or if there are any debts, the total amount of those debts do does not exceed 80% of the sale price; and (ba) at least 28 days have elapsed since the particulars were given to the purchaser under paragraph (a); and (cb) all conditions of section 27 of the Sale of Land Act 1962 have been satisfied. 12.2 The stakeholder must pay the deposit and any interest to the party entitled when the deposit is released, the contract is settled, or the contract is ended. 12.3 The stakeholder may pay the deposit and any interest into court if it is reasonable to do so.

Appears in 1 contract

Sources: Contract of Sale of Real Estate

Stakeholding. 12.1 The deposit must be released to the vendor if: (a) the vendor provides particulars, to the satisfaction of the purchaser, that either- (i) there are no debts secured against the property; or (ii) if there are any debts, the total amount of those debts do does not exceed 80% of the sale price; and (b) at least 28 days have elapsed since the particulars were given to the purchaser under paragraph (a); and (c) all conditions of section 27 of the Sale of Land Act 1962 ▇▇▇ ▇▇▇▇ have been satisfied. 12.2 The stakeholder must pay the deposit and any interest to the party entitled when the deposit is released, the contract is settled, or the contract is ended. 12.3 The stakeholder may pay the deposit and any interest into court if it is reasonable to do so.

Appears in 1 contract

Sources: Contract of Sale of Real Estate

Stakeholding. 12.1 The deposit must be released to the vendor ifif : (a) the vendor provides particulars, to the satisfaction of the purchaser, that either-either— (i) there are no debts secured against the property; or (ii) if there are any debts, the total amount of those debts do does not exceed 80% of the sale price; and (b) at least 28 days have elapsed since the particulars were given to the purchaser under paragraph (a); and (c) all conditions of section 27 of the Sale of Land Act 1962 have been satisfied. 12.2 The stakeholder must pay the deposit and any interest to the party entitled when the deposit is released, the contract is settled, or the contract is ended. 12.3 The stakeholder may pay the deposit and any interest into court if it is reasonable to do so.

Appears in 1 contract

Sources: Contract of Sale of Real Estate

Stakeholding. 12.1 The deposit must be released to the vendor if: (a) the vendor provides particulars, to the reasonable satisfaction of the purchaser, that either-either— (i) there are no debts secured against the property; or (ii) if there are any debts, the total amount of those debts do not exceed 80% of the sale price; and (b) at least 28 days have elapsed since the particulars were given to the purchaser under paragraph (a); and (c) all conditions of section 27 S27 of the Sale of Land Act 1962 ▇▇▇ ▇▇▇▇ have been satisfied. 12.2 The stakeholder must pay the deposit and any interest to the party entitled when the deposit is released, the contract is settled, or the contract is ended. 12.3 The stakeholder may pay the deposit and any interest into court if it is reasonable to do so.

Appears in 1 contract

Sources: Contract of Sale