Equity – Apartment for rent in Singapore
Equity is another form of unwritten law. It is a set of legal principles of justice or fairness in jurisdictions. It allows the judges to exercise discretion in their decision-making. Equity is a discretionary remedy, and not of right. It is not likely to be granted in the situation where damages are adequate. He who comes into equity must come with clean hands. Equity will not permit a party to profit from his own wrongdoings. Apartment for rent in Singapore.
In other words, if you ask for help about the actions of someone else but you have acted wrongly, then you do not have clean hands and you may not receive the help you seek.
An example of equitable remedy related to real estate transactions is an order for specific performance. Specific performance is a form of relief requiring the party who breached or defaulted on the contract to fulfill the terms of the contract. If the seller is able to perform his agreement in the contract, but is unwilling to do so, the buyer may bring a lawsuit for specific performance. The courts generally recognise that each property is unique and that a monetary award would be inadequate and will order the seller to convey the property to the buyer, according to the terms of the contract.
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