Special Condition 4

4. Subject to Completion of Sale of Buyer’s Property (where the Buyer has yet to enter into a contract)

This contract is subject to and conditional upon the following: –
(a) The Buyer on or before the xxxx entering into a contract for the sale of the Buyer’s property situated at xxxx. The Buyer agrees to do all things reasonably necessary to ensure that completion of the said sale takes place by the stipulated time and in the event the said sale is not completed by the stipulated time through no fault of the Buyer, the Contract shall be at an end and all monies paid by way of deposit shall be refunded without deduction.
(b) The completion of the sale referred to in xxxx on or before the xxxx.
The parties agree that this clause is inserted for the benefit of the Buyer and the Buyer may waive the benefit of the provision of the sub-clause (a) at any time on or before the date stipulated by giving the Seller notice in writing


<< Back to Contract Clauses