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Completion date after exchange

2 replies

InspiredToBoot · 03/08/2012 14:47

We are about to exchange on a property we are buying and want to agree on a completion date but I am wondering, can the sellers decide to not meet the completion date after we have exchanged?

OP posts:
lalalonglegs · 03/08/2012 14:56

No, that's the point of the contract, everything is written down and agreed. If they delay, they need you to agree and you can refuse them or charge them financial penalties.

frostyfingers · 03/08/2012 17:10

They can pull out but it costs so much it rarely (if ever) happens. For a start they lose their deposit, and interest accrues somewhere as wells.

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