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Barrister Khan
Barrister Khan, Barrister
Category: Property Law
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Can payment for a property be delayed until after exchange

Resolved Question:

Can payment for a property be delayed until after exchange of contracts if is convenient for the seller & agreed to by the buyer.
Submitted: 1 month ago.
Category: Property Law
Expert:  Barrister Khan replied 1 month ago.

Only when contracts are formally exchanged does the sale and purchase become legally binding. Yes payment can be delayed if both agree.

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