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James Mather
James Mather,
Category: Law
Satisfied Customers: 22629
Experience:  Senior Partner at Berkson Wallace
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Property Law Can a vendor halt the sale /completion of a

Customer Question

Property Law

Can a vendor halt the sale /completion of a sale after exchange of contracts ?
Submitted: 5 years ago.
Category: Law
Expert:  James Mather replied 5 years ago.

Usually, once contracts have been exchanged and the matter has not completed, the seller and buyer are committed and if either changes their mind, it will cost the defaulting party 10% of the contract price.

If you give me the background in detail I can expand for you.