SRA Handbook

Application and interpretation

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Version 1 of the Handbook was published on 16/09/2011. For more information, please click 'History' Above

Rule 2: Application and interpretation

2.1

These rules apply to:

(a)

solicitors;

(b)

recognised bodies;

(c)

RELs or partners of RELs; and

(d)

persons employed by RELs, their partners, solicitors or recognised bodies 

in any part of the UK.

2.2

All italicised terms in these rules are to be interpreted in accordance with Chapter 14 of the SRA Code of Conduct, unless they are defined as follows:

associated firm

means, in relation to:

(i)

a partnership with whom you have one partner in common;

(ii)

a LLP or a company without shares with whom you have one member in common; or

(iii)

a company with shares with whom you have one owner in common;

buyer

includes a prospective buyer;

pre-contract deposit

means the aggregate of all payments which constitute pre-contract deposits from a buyer in relation to the proposed sale of a property;

property

includes an interest in property; and

property selling

means things done by any person in the course of a business (including a business in which they are employed) pursuant to instructions received from another person (in this section referred to as the "client") who wishes to dispose of or acquire an interest in land:

(i)

for the purpose of, or with a view to, effecting the introduction to the client of a third person who wishes to acquire or, as the case may be, dispose of such an interest; and

(ii)

after such an introduction has been effected in the course of that business, for the purpose of securing the disposal or, as the case may be, the acquisition of that interest.