In a right old quandary

staffie1

GDB2222 said:

Which solicitor refused? Your buyer’s?

Yes, buyer’s solicitor, and my solicitor agrees. His argument is that if a completion date is set in advance, and one of us gets the virus and can’t complete, we’ll be in breach of contract. Neither solicitor will entertain a variation clause in the contract.

HampshireH

If you end up desperate storage facilities are still taking bookings.  You could store the majority of your stuff and rent room or take a very very short term furnished let

GDB2222

staffie1 said:

GDB2222 said:

Which solicitor refused? Your buyer’s?

Yes, buyer’s solicitor, and my solicitor agrees. His argument is that if a completion date is set in advance, and one of us gets the virus and can’t complete, we’ll be in breach of contract. Neither solicitor will entertain a variation clause in the contract.

That’s an interesting argument. Before Corona you could have had a car crash, etc.  

Perhaps you should attack this from the other side. Can you find a landlord who is going to be flexible? It’s very hard to find tenants at the moment. So, maybe you can get a tenancy lined up, then complete that at the same time as your sale? A tenant who has money in the bank is a good find at the moment, so it’s worth the landlord helping out here.

staffie1

GDB2222 said:

staffie1 said:

GDB2222 said:

Which solicitor refused? Your buyer’s?

Yes, buyer’s solicitor, and my solicitor agrees. His argument is that if a completion date is set in advance, and one of us gets the virus and can’t complete, we’ll be in breach of contract. Neither solicitor will entertain a variation clause in the contract.

That’s an interesting argument. Before Corona you could have had a car crash, etc.  

Perhaps you should attack this from the other side. Can you find a landlord who is going to be flexible? It’s very hard to find tenants at the moment. So, maybe you can get a tenancy lined up, then complete that at the same time as your sale? A tenant who has money in the bank is a good find at the moment, so it’s worth the landlord helping out here.

I will speak to a letting agent on Monday morning.
Thanks.

onwards&upwards

GDB2222 said:

staffie1 said:

GDB2222 said:

Which solicitor refused? Your buyer’s?

Yes, buyer’s solicitor, and my solicitor agrees. His argument is that if a completion date is set in advance, and one of us gets the virus and can’t complete, we’ll be in breach of contract. Neither solicitor will entertain a variation clause in the contract.

That’s an interesting argument. Before Corona you could have had a car crash, etc.  

Yeah but right now all it takes is a cough and the whole household is stuck for a minimum of 14 days.  I can understand it, the risk likelihood has increased.