Business, Legal & Accounting Glossary
‘Privity of estate’ exists between two parties if they are currently in a landlord-tenant relationship. Where either or both of the landlord or tenant assign their interests in the land to other parties, there is no longer privity of estate between them, despite the fact that there remains privity of contract.
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This glossary post was last updated: 7th April, 2020 | 0 Views.