SCHEDULE 2PRE-COMPLETION TRANSACTIONS

PART 1INTRODUCTION AND KEY CONCEPTS

4Other key terms

1

In this Schedule, references to part of the subject-matter of the original contract—

a

are to a chargeable interest that is the same as the chargeable interest referred to in paragraph 2(1)(a) except that it relates to part only of the land concerned, and

b

also include, so far as is appropriate, interests or rights appurtenant or pertaining to the chargeable interest.

2

In this Schedule, “the transferor”, in relation to a pre-completion transaction, means a party to the pre-completion transaction who immediately before the pre-completion transaction took place was entitled to call for a transfer of (what became) the subject-matter of the pre-completion transaction.

3

References in this Schedule to the “subject-matter” of a pre-completion transaction—

a

are to the chargeable interest the transfer of which the transferee is entitled to call for as a result of the pre-completion transaction, and

b

also include, so far as is appropriate, interests or rights appurtenant or pertaining to the chargeable interest.