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The place "time is of the essence," there have been circumstances the place your complete deposit is forfeited (as liquidated damages ) if the conveyancing is delayed beyond the cut-off dates of the buyer's contingencies, even if the purchase is accomplished. There can also be side agreements (e.g., holdover tenants, delivery contracts, cost holdback for unacceptable repairs), seller's proper of first refusal for resale, declaration of trust, or lawyers other entity formation or consolidation (incorporation, restricted partnership buyers, and many others.).

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