Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is an Unconditional Sale?

sale unconditional
0
Posted

What is an Unconditional Sale?

0 CommentsAdd a Comment

1 Answer

0

A. This is a term given to a property that upon acceptance of an offer, the buyer shall pay a 10% deposit, subject to a minimum of £3000 being part payment of the purchase price. The buyer is then legally bound to buy and the vendor is legally bound to sell the property. Exchange of contracts takes place at this time. The conditions of sale require a full legal completion within 28 days following exchange of contracts.

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.