• Completion Of Sale

    By Guest on 06th Sep 2014

    Contract stated completion July 2014 on a new build but it has not taken place yet as our solicitors are waiting for a document “Replies to Requisitions on Title”. notice given on existing rented flat to 31st July. Any redress against the developers for inconvenience?

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    By Guest on 06/09/2014

    Contract stated completion July 2014 on a new build but it has not taken place yet as our solicitors are waiting for a document “Replies to Requisitions on Title”. notice given on existing rented flat to 31st July. Any redress against the developers for inconvenience?

    If any seller, following exchange of contracts, fails to complete by the contractual completion date then the buyer is entitled to sue for losses. However this is only where contracts have exchanged with a fixed completion date or if completion is "on notice", the developer has served the notice to complete but then failed to complete on the expiry of the notice (usually 10 working days after service). If contracts were exchanged with completion on notice and the developer has not yet served the notice to complete then you will probably have no redress, unless the contract included a "long stop date" by which the developer had to complete.

    Developers will often give an indication as to when they expect a property they are constructing to be ready will not bind themselves contractually to that timescale because there may be delays caused by events beyond their control.

    Speak to your solicitor, he/she will be able to tell you what rights you have.

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