Common use of The lot Clause in Contracts

The lot. 1.1. The lot (including any rights to be granted or reserved, and any exclusions from it) is described in the special conditions, or if not so described the lot is that referred to in the sale memorandum. 1.2. The lot is sold subject to any tenancies disclosed by the special conditions, but otherwise with vacant possession on completion. 1.3. The lot is sold subject to all matters contained or referred to in the documents, but excluding any financial charges: these the seller must discharge on or before completion. 1.4. The lot is also sold subject to such of the following as may affect it, whether they arise before or after the contract date and whether or not they are disclosed by the seller or are apparent from inspection of the lot or from the documents: 1.4.1. matters registered or capable of registration as local land charges; 1.4.2. matters registered or capable of registration by any competent authority or under the provisions of any statute; 1.4.3. notices, orders, demands, proposals and requirements of any competent authority; 1.4.4. charges, notices, orders, restrictions, agreements and other matters relating to town and country planning, highways or public health; 1.4.5. rights, easements, quasi-easements, and wayleaves; 1.4.6. outgoings and other liabilities; 1.4.7. any interest which overrides, within the meaning of the Land Registration Act 2002; 1.4.8. matters that ought to be disclosed by the searches and enquiries a prudent buyer would make, whether or not the buyer has made them; and 1.4.9. anything the seller does not and could not reasonably know about. 1.5. Where anything subject to which the lot is sold would expose the seller to liability the buyer is to comply with it and indemnify the seller against that liability. 1.6. The seller must notify the buyer of any notices, orders, demands, proposals and requirements of any competent authority of which it learns after the contract date but the buyer must comply with them and keep the seller indemnified. 1.7. The lot does not include any tenant’s or trade fixtures or fittings. 1.8. Where chattels are included in the lot the buyer takes them as they are at completion and the seller is not liable if they are not fit for use. 1.9. The buyer buys with full knowledge of: 1.9.1. the documents, whether or not the buyer has read them; and 1.9.2. the physical condition of the lot and what could reasonably be discovered on inspection of it, whether or not the buyer has inspected it. 1.10. The buyer is not to rely on the information contained in the particulars but may rely on the seller’s conveyancer’s written replies to preliminary enquiries to the extent stated in those replies.