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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Andrew has over two decades experience in high growth fast moving consumer goods, agribusiness and professional services. Supporting the Ownit team to deliver on client expectations, and implementing processes to scale the organisation, is a key focus for Andrew.

Andrew is a C-Suite leader with Chairman and Board experience.  He has formal qualifications in Business, Applied Finance and AICD Company Directors Course.

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