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Exchange of contracts explained

When the two legal parties that represent the buyer and seller of a property swap signed contracts, it is known as “exchange of contracts”. The transaction then becomes legally binding, and both the buyer and the seller are contractually bound to finalise the transaction on an agreed “completion” date.

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Restrictive covenants explained

You may own property, but that doesn’t mean that you can do whatever you like to it. Many houses and land have restrictive covenants attached … Read more