As Christmas nears for another year, you may wonder what happens with any contract dates that fall due over the Christmas and New Years Period.
A standard REIQ Contract of Sale contains a provision that states “a day in the period 27 to 31 December (inclusive)” is not considered to be a “Business Day”.
This means that any due date that falls within that period is automatically pushed to the next available “Business Day”, which in 2024 will be Tuesday, 2 January.
Please ensure you have a solicitor review your contract prior to signing.
Contact us if you have any queries.