Tag: Property Sales

25
Jun

A Bond Clause Deadline Whooshes by and a Sale Dies – Can You Revive it?

Article courtesy of Law Dot News | Property - Bond Clause Deadline A Bond Clause Deadline... “I love deadlines. I love the whooshing noise they make as they go by.” (Douglas Adams in The Salmon of Doubt) Contracts often contain suspensive conditions, a common example being the bond clause in a property sale agreement. The standard bond clause provides that
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27
Feb

Property Sales: “Conditional Acceptance” of an Offer is Not Acceptance, It’s Rejection

Article courtesy of Law Dot News | Property Sales - Acceptance of Offer Property Sales: “Conditional Acceptance” of an Offer is Not Acceptance, It’s Rejection “The conditional acceptance of an offer amounts to rejection of same and not the conclusion of a contract, but may be a counter–offer.” (Extract from judgment below) A good offer comes in for your property,
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