Chapter BIM41105
| Published date | 22 November 2013 |
| Record Number | BIM41105 |
An inducement to buy a freehold interest is not a reverse premium.
Although a person buying a freehold becomes entitled to an estate or interest in land, the inducement is not a reverse premium because of the requirement for the payment or benefit to be paid by the person by whom the estate, interest or right is granted (or by a connected person or nominee, etc). A lease or other lesser...
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