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The place "time is of the essence," there have been circumstances the place your complete deposit is forfeited (as liquidated damages ) if the conveyancing is delayed past the cut-off dates of the buyer's contingencies, even when the acquisition is accomplished. There might also be side agreements (e.g., holdover tenants, supply contracts, fee holdback for unacceptable repairs), seller's proper of first refusal for resale, declaration of trust, or other entity formation or consolidation (incorporation, limited partnership investors, and so on.). |
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