Common use of Notice to complete Clause in Contracts

Notice to complete. The Seller or the Buyer may, on or after the agreed completion date, but before completion, give the other notice to complete within 10 business days making time of the essence. The person giving the notice must be ready, willing and able to complete. If the Buyer fails to comply with a notice to complete the Seller may rescind the contract, claim the deposit and any interest on it, forfeit the lot, and claim damages from the Buyer. If the Seller fails to comply with a notice to complete the Buyer may rescind the contract and recover the deposit and any interest on it from SDL Property Auctions, the Seller, or the Seller’s conveyancers.

Notice to complete. The Seller or the Buyer may, on or after the agreed completion date, but before completion, give the other notice to complete within 10 business days making time of the essence. The person giving the notice must be ready, willing and able to complete. If the Buyer fails to comply with a notice to complete the Seller may rescind the contract, claim the deposit and any interest on it, forfeit the lot, and claim damages from the Buyer. If the Seller fails to comply with a notice to complete the Buyer may rescind the contract and recover the deposit and any interest on it from SDL Property AuctionsEddisons Commercial Limited, the Seller, or the Seller’s conveyancers.