Buying Commercial Property · glossary
The seller's solicitors' account of what the buyer must pay on completion. At Beckside Works it showed the price less the deposit, a balance of £3,600,000, with nothing to apportion. Check every line against the contract, and add what it leaves out, such as the covenant insurance premium. Chapter 9
Explained in Chapter 9, Exchange and Completion, of Buying Commercial Property.
Before completion, the seller's solicitors send a completion statement. It sets out what the buyer must pay on the day. Check every line against the Contract, even when the sum looks simple.Read Chapter 9, Exchange and Completion →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Buying Commercial Property and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Buying Commercial Property → · All terms A–Z →