What if your Buyer requests to delay the Sales Completion date?
The Sales Completion date is determined by both the Buyer and Seller when they enter into the Option to Purchase (OTP) contract.The date for the Completion of Sales is usually 8 to 12 weeks from the OTP date and this can vary as long as both parties agree to it upfront.
So, what if one party requests to delay the Sales Completion after the OTP has been exercised?This change will have to be handled by the solicitors of both parties and you have the liberty to accept or reject the change request suggested by the Buyer.
In the event that you are in no hurry to complete the sales, then why not accept the change as the other party would have their reasons for such a request? You can request for some level of compensation such as ...
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