exchange of contracts
noun[CorU]
ukusPROPERTY
afinalagreementbetween thebuyerandsellerof aproperty, after which thesalecannotlegallybestopped:
Beforeexchangeofcontractseither theselleror thebuyercanwithdrawwithout having to make anypayment.
Examplesofexchange of contracts
exchange of contracts
Research after the election revealed that around 28% of sales fell beforeexchangeofcontracts, with gazumping occurring in fewer than 2% of sales.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.A typical conveyancing transaction contains two major landmarks: theexchangeofcontracts(whereby equitable title passes) and completion (whereby legal title passes).
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.There is uncertainty during the period between the decision to move and theexchangeofcontracts.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
There are four stages to the process—investigation and report,exchangeofcontracts, completion and registration.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
I paid my full deposit, and awaitedexchangeofcontracts.
From the
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Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
It was the accommodation of the principle that anexchangeofcontractscan be a relevant disposal that required the amendments.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
First, it can be done simply by reducing the time beween the acceptance of an offer andexchangeofcontracts.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
I used to tell people to wait until theexchangeofcontractsand to pay then.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
When a transaction includes anexchangeofcontracts.
From the
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Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
How can we achieveexchangeofcontractsat an earlier stage?
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
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