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17 JANUARY 2011 – COMPLETION DATES THAT FALL ON A NON-BUSINESS DAY

17 JANUARY 2011 – COMPLETION DATES THAT FALL ON A NON-BUSINESS DAY

Q.If a completion date falls on a non-business day (eg. Sunday), is completion effected on the previous Friday or the following Monday?

A. When a condition (such as the building inspection date, finance date, completion date or any other date referred to in the Contract) falls due on a weekend or public holiday then the date is automatically extended to the next business day.

TIP: Wherever possible always check your calendar for a business day when completing the Contract. This way the Buyers and Sellers will not be confused as to when the condition is due.

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