Bruceyg The penalty for delaying settlement is calculated as a percentage of the contract price and charged per day. I cannot remember the percent but years ago I sold a property to an Asian investor who kept stuffing up the paperwork. I gave him 5 days without penalties and then enforced the penalties to hurry him along. Was about $2000 for 20 days on a sale price of $300k but that is a guess.
Could find out from your settlement agent.
- Forums
- Property
- question for the experts re settlement
question for the experts re settlement, page-2
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online