Deposit On Exchange Of Contracts In A Chain
Deposit On Exchange Of Contracts In A Chain . The deposit is paid to the seller on exchange of contracts as part payment of the purchase price. Under a contract for the sale of land in nsw, a purchaser is required to pay a deposit, usually being 10% of the purchase price, at exchange. Towards Enhanced Oversight of “SelfGoverning” Decentralized Autonomous from jipel.law.nyu.edu Exchange of contracts is when the two legal firms representing the buyer and seller swap signed contracts, and the buyer pays a deposit. A deposit is usually 10% of the purchase price, a significant sum. Your exchange deposit, on the other hand, really is a deposit.