B. Purchaser’s Completion Notice for service on the Vendor
COMPLETION NOTICE
Contract dated between the Vendor(s) and the Purchaser(s) in respect of the Property (“the Contract”)
Purchaser(s) and our client(s):
Vendor(s) and your client(s):
Closing date:
Property: [quote from Particulars in the Contract]
Take notice that, as the closing date in the Contract has passed without completion having taken place, we refer you to General Condition 40 of the Contract.
Take note that the Purchaser(s) is/are able, ready and willing to complete the purchase of the above property from the Vendor(s) or is/are not so able, ready and willing by reason of the default or misconduct of the Vendor(s).
The Purchaser(s) require(s) the Vendor(s) forthwith to complete the sale within twenty-eight days after the date of service hereof (as defined in Condition 49 of the Contract and excluding the date of service) and in this respect time is hereby made of the essence of the Contract.
The Purchaser reserves his right to seek compensation in accordance with Condition 25(c) of the Contract.
If the Vendor(s) does/do not comply with this notice before the expiration of the last day of the said period then General Condition 40(e) of the Contract shall immediately apply. The Vendor(s) will be deemed to have failed to comply with the Contract and the conditions therein in a material respect and the Purchaser(s) will enforce against the Vendor(s), without further notice, such rights and remedies as may be available to him/them at law or in equity.
Dated the day of 20
Signed______
M/s ______
Solicitor(s) for the Purchaser(s)
of ______
in the city of ______
To: Vendor(s)
C/o M/s ______
Solicitor(s) for the Vendor(s)
of ______
in the city of ______
Note: There is no provision in General Condition 49 of the Contract for service by DX.
January 2018 version