Remedies for Delayed Completion — SQE1 FLK2 Property Law and Practice

A seller serves a notice to complete on his late buyer, then gets an offer £15,000 higher from the neighbour, and discovers that his own notice has trapped him.
Practise this topic with exam-style questions: sqe1prep.co.uk/sqe1/property-law?utm_source=po…
In this episode:
• Time is not of the essence unless the contract says so
• Compensation is paid by whoever was in default the longer
• Ten working days on a notice, and only if you are ready yourself
• A notice makes time of the essence for both parties, not one
• Forfeit the deposit, but give credit and expect no five per cent cap
Narrated by an AI voice from a script written and checked by the editors at sqe1prep.co.uk. Educational content only — not legal advice. SQE1 Prep is not affiliated with or endorsed by the SRA or Kaplan.