Friday, April 3, 2009
Would this make most of property flopping VIs criminals by default?
The introduction of the Government’s latest addition to the Home Information Pack (HIP), brings with it a 'swathe of legal consequences' for those selling homes, according to a property law specialist. From April 6, sellers will need to fill out a Property Information Questionnaire (PIQ). The PIQ is a set of mandatory questions about the property. Most importantly, it commits a homeowner to make representations that have legal ramifications even before a contract has been agreed.