Abolish Adverse Gearing, Authorities Informed
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There may additionally be side agreements (e.g., holdover tenants, supply contracts, payment holdback for unacceptable repairs), seller's proper of first refusal for resale, declaration of belief, or other entity formation or consolidation (incorporation, limited partnership buyers, etc.). The place "time is of the essence," there have been cases where all the deposit is forfeited (as liquidated damages ) if the conveyancing is delayed beyond the closing dates of the buyer's contingencies, even when the purchase is accomplished.

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