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Completion day: what does it mean?

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Completion day: what does it mean?

Postby AliMason on Thu 20 Nov 2008 19:35

Hi,

What happen exactly during this completion day in France?

Thanks
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Re: Completion day: what does it mean?

Postby MrPatel on Thu 20 Nov 2008 19:37

Completion Day in a French real estate transaction signifies the day in which a piece of real estate under a sale and purchase agreement is finally transferred to the buyer. Typically the parties of a real estate transaction will meet in the office of the notaire on Completion Day.
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Re: Completion day: what does it mean?

Postby Robertos on Thu 20 Nov 2008 19:42

A seller is obligated to turn the property over to the buyer in the same condition as it was on the day the contract was signed. Any damage or deterioration of the property must be repaired by the seller.

More info about the completion day in a French real estate transaction.
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