Buying Commercial Property · glossary
A notice that a party ready to complete may serve once the completion deadline has passed. The other side must then complete within ten working days, and time is of the essence. A buyer that still does not complete can lose its deposit. Contract 10.1 · Chapter 7 · see Time of the essence
Explained in Chapter 7, The Sale Contract, of Buying Commercial Property.
Interest makes up for lateness, but it ends nothing. A notice to complete can. Once the deadline on the completion date has passed, a party that is ready, able and willing to complete may serve one on the other (clause 10.1). It sets a last deadline, and time is of the essence of that one…Read Chapter 7, The Sale Contract →
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 →