How does completion happen?
How does completion happen?

The following Property practice note provides comprehensive and up to date legal information covering:

  • How does completion happen?
  • Law Society's code for completion by post
  • Procedure—before completion
  • Completion
  • After completion
  • Variations
  • Inspecting the property

Things have moved on since the days when completion took place at the property and seisin was delivered to the buyer.

Completion will normally take place at the offices of the seller's solicitor and either a Banker's Draft handed over, or funds previously sent electronically released, in return for the executed transfer and other title documents. This is done either in person or using an agent.

Where completion takes place on the basis of an undertaking to forward monies, it is not necessarily negligent for the seller’s solicitor to require the payment of interest over a weekend before completing, without seeking instructions from his client. In Thomas it was held that express instructions were not required. The amount was not insubstantial and the seller’s solicitor had no way of anticipating that the following day the deal would collapse.

Law Society's code for completion by post

More usually, the parties will agree to complete by post using the Law Society's code. This was introduced in 1984 and has been updated at various stages with the latest version taking effect from 1 May 2019. The code is adopted by express agreement, preferably in writing. Standard requisitions on title propose the use of the code, and it will apply, with or without variation, if the replies to requisitions confirm this.

The seller's solicitor acts as the buyer's agent, but without fee or

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