Legal Insights

Is a site audit statement worth the 'paper' it is written on?

By Patrick Ibbotson

• 27 February 2020 • 0 min read

In many transactions, site audit statements have become de facto certificates that a condition precedent or condition subsequent in an agreement has been satisfied (or not).

Multiples parties often rely on a site audit statement, such as vendors, purchasers, financiers, directors and decision makers within a company. However, are these parties entitled to rely on them? What does a site audit statement that confirms the land is suitable for a particular use actually tell them?

Maddocks partner and leading environment and planning lawyer Patrick Ibbotson examines the issues that may arise in transactions that rely on site audits.

By Patrick Ibbotson

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