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 meant by Exchange and Completion?

completion exchange meant
0
10 Posted

What is meant by Exchange and Completion?

0
10

Exchange is when the contract becomes legally binding and is often described as the “point of no return” in the conveyancing process. Up until exchange either party is at liberty to change their mind with no legal repercussions. When contracts are exchanged the Completion date is agreed and this is the date that you will actually move.

Related Questions

What is your question?

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

Experts123