Common law provisions relating to payment of compensation for delay are usually replaced by specific contractual provisions providing for compensation1. In default of a specific contractual clause dealing with the matter, the common law provisions apply.
In addition to any claim for damages2, where the delay is the buyer's fault:
(1) the buyer pays the outgoings on the property from the contractual date for completion;
(2) the buyer is entitled to keep any income from the property from the date of completion;
(3) from the contractual date of completion, the buyer pays interest to the seller on the balance of
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