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Buyer wants to do work after exchange before completion...

Hi


Just wanted thoughts.


Our buyer has a koi pond and wants to bring his fish when he moves, but will need a pond for them.


He will need to remove them from his current property before or on the day he moves.


He has asked if we would allow him to have a new pond built in our garden after exchange, but before completion, so he can transfer the fish.


I must add, we have a very large garden, and it will not be in the way.


I cannot see any issues with this, as at worst, if completion does not happen, I will get 10% of purchase price and a free koi pond!


Any thoughts?
20 plus years as a mortgage adviser for Halifax (have now retired), and I have pretty much seen it all....:D
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Comments

  • questionss
    questionss Posts: 322 Forumite
    I personally would agree because it's in the garden and should be relatively cheap to fill in if he did it wrong, left it half done & didn't complete etc.
    I would make sure that equipment used was spades and barrows not minidiggers wrecking your garden!
  • SplanK
    SplanK Posts: 1,155 Forumite
    Part of the Furniture
    Personaly, I would say no, as even at Exchange, things can still go wrong.


    However, if it helped the sale, then I would allow a temporary storage tank and allow them to move the fish into that. I would also want it documented somewhere that I would not be responsible for the tank, or anything living in it.
  • audigex
    audigex Posts: 557 Forumite
    As long as it won't be in your way, then I'd say yes but with conditions

    1) Hand tools only, not diggers (unless it can be done easily and without damaging anything)

    2) They keep any removed soil nearby, so it can be easily replaced

    3) As SpanK, a signed disclaimer that they agree to put anything right if they cause damage, you take no responsibility for the livestock or pond, etc

    Unless you have young children, in which case I'd say no, sorry.
    "You did not pull yourself up by your bootstraps. You were lucky enough to come of age at a time when housing was cheap, welfare was generous, and inflation was high enough to wipe out any debts you acquired. I’m pleased for you, but please stop being so unbearably smug about it."
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Yes I'd agree but would take advice from my conveyancer (if I was using one) on the wording of an agreement. As others have said,

    * Where exactly the pond will be
    * what dimensions
    * what happens to 'spoil' (removed? piled up for a rockery? chucked over the fence?)
    * Built with.... prefab? Liner?
    * type of eqipment used
    * built by who?
    * access how?
    * how long? all in one day? a week? longer?
    * areas of the garden not to be disturbed/damaged/accessed
    * hours of work (ie not later than X O'clock)

    Maybe take a 'damage deposit' just in case......?
  • martin1959
    martin1959 Posts: 363 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Thanks all


    This is useful info. I would hate the fish to be put in and they all croak for some reason, so some kind of disclaimer is a very good idea.
    20 plus years as a mortgage adviser for Halifax (have now retired), and I have pretty much seen it all....:D
  • globalds
    globalds Posts: 9,431 Forumite
    It won't be your house soon ..Let him do what he wants ..Just tell him you need some way of being reassured the cost of remedial work is at your disposal if something goes pear shaped
  • Mickygg
    Mickygg Posts: 1,737 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I must admit I wouldn't allow it. I'd be too concerned about damage, digging into something, wacking the house etc etc. Its potential hassle.

    But then I'm sore from asking similar request before and being told no. I asked to store stuff in garage on completion day so I could get out of my place first thing but I was told no.

    I'm sure your solicitor would advise no.
  • paulsad
    paulsad Posts: 1,315 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I'd say yes to be honest; right now I'd love your predicament as we have a somewhat"reluctant" buyer. At least you know he's 100% or near as dammit - he'd be liable if any hiccups!
  • SplanK wrote: »
    Personaly, I would say no, as even at Exchange, things can still go wrong.


    However, if it helped the sale, then I would allow a temporary storage tank and allow them to move the fish into that. I would also want it documented somewhere that I would not be responsible for the tank, or anything living in it.

    Plus getting a little bit extra percentage deposit at Exchange than normal - to allow for the cost of removing said storage tank if it all went belly up.
  • barbiedoll
    barbiedoll Posts: 5,328 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    If he's building a pond for his koi, I doubt that it'll be anything small, my neighbour used to keep koi and his pond was over 5ft deep, he used to swim in it!

    It definitely shows the signs of a committed buyer, and if you're happy that it wouldn't disturb your garden should he fail to complete, then why not? You should find out how he's going to dig it though, a deep pond is not going to be built quickly by hand.
    "I may be many things but not being indiscreet isn't one of them"
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