Between exchange and completion

Condition and use of the property

A number of issues may arise concerning the condition of the property and its occupation between exchange and completion, including:

•
the transfer of risk in the property to the buyer, and who should insure the property
•
the discovery of defects and the liability for them
•
where the property is leasehold, risk of action for breach of covenant
•
the basis on which the buyer occupies, if given access to the property before completion—whether a tenancy or licence

For information, see Practice Notes:

•
Who

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