- Vacant possession of a property will not normally be guaranteed and the cost of clearance of items left in the building should be borne in mind;
- No guarantees or warranties regarding the property will be given – undertaking proper due diligence to reduce risks is advisable;
- There may be items that appear to be a part of the property being sold which do not in fact belong to the insolvent business; and
- The administrator acts only as agent for the insolvent company and will accept no liability for errors or omissions.
Buying from an Administrator – Pitfalls