Q&As

Is it a statutory requirement that a completion statement must be provided to the tenant's solicitors two weeks in advance of completion?

read titleRead full title
Copyright © 2025 LexisNexis
Published by a LexisNexis Property expert
Published on: 26 October 2016
imgtext

In residential property conveyancing, a completion statement is a document which is sent from the vendor to the buyer setting out how much money is required to be paid by the buyer in order to complete the sale.

It is often the case that the contract for sale contains a clause like this:

‘The Seller agrees that his solicitor will hold a retention from the sale proceeds in the sum of £X pending production of the final accounts of Some

Powered by Lexis+®
Jurisdiction(s):
United Kingdom

Popular documents

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Is it possible to claim adverse possession to land owned by a council, but incorporated in the claimant’s

Is it possible to claim adverse possession to land owned by a council, but incorporated in the claimant’s private garden by a retaining wall? The retaining wall was built by the council in the 1980s and there has been no effort made by the council to take their land back.This Q&A is relevant to

If a transfer deed (TR1) has been signed by both the transferor and transferee, the transferor dies and

If a transfer deed (TR1) has been signed by both the transferor and transferee, the transferor dies and then the TR1 is dated after death of the transferor (in error), is it still valid?A deed (such as a TR1) is valid and binding if the essential ingredients of execution as a deed, attestation and

Are there any obligations on a seller's conveyancer to assist with requisitions raised by HM Land

Are there any obligations on a seller's conveyancer to assist with requisitions raised by HM Land Registry of the purchaser's solicitor where no undertaking to do so has been given?Even if an express undertaking to assist with requisitions has not been given, the effect of the covenants implied