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Deed of variation

2 replies

turndownthelights · 21/10/2022 14:15

I've posted this in Property too but wasn't sure if I'd get more replies here!
I am currently selling my leasehold house and we are approximately 2 weeks away from exchange.
My buyer has been in touch with me today - her solicitor has advised her that the lease does not contain a clause that she may want to have put in (the freeholders have agreed to this being added). There is a cost to both her and me but I'm happy to pay if it means she doesn't pull out.
What concerns me is how long this deed of variation can take - does anyone know? I'm guessing it won't be sorted in time to exchange in 2 weeks!

OP posts:
c307 · 14/08/2024 08:14

Hi, how did this go please? We are in the same position now

PrincessofWells · 14/08/2024 09:32

It can be as quick as the solicitor drafting it and agreeing the wording with the other side. Freeholders can be a bit slow. If it's an individual they are generally faster than corporate freeholders.

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