Storm damage between exchange and completion

kingstreet

As edddy said, it dependns which version of the Standard Conditions of Sale are being used, 4th or 5th.

If the latter, the purchaser accepts risk from exchange.

moneyistooshorttomention

seriousDFW wrote: »

Apologies if this is a commonly-used term, but what is a "dumb cluck"?

According to an online dictionary "a person with the intellectual capacity of a chicken". Another way to put it would be "thick as two short planks".

aka "bane of life"....:rotfl:

seriousDFW

chris_m wrote: »

It's where the person using the term thinks the person of whom they are speaking is stupider then them.

Thanks. You learn something new every day. What a horrible expression!

moneyistooshorttomention

Perhaps one I shouldn't use...but is sometimes born of exasperation when encountering two or three in quick succession and having the resultant extra work to show for it because they don't know what they are doing....

Okay...we'll use a no-fault term and say "intellectually challenged" instead and I'll try to stick to that term ....even if I've just encountered yet another one making life more effort than it should be...:cool:

Faith177

I would have thought it would be the sellers responsibility as it is still their property. I always thought until completion is confirmed either party can walk away so vendor is still the owner

kingstreet

Faith177 wrote: »

I would have thought it would be the sellers responsibility as it is still their property. I always thought until completion is confirmed either party can walk away so vendor is still the owner

No. Legal obligation to purchase/sell occurs at exchange of contracts, on the agreed completion date, so that is the point the purchaser should insure the property.

See earlier re Standard Conditions of Sale.