Published: 01/10/2024
In the UK commercial property market, the standard timeframe from exchange of contracts to completion typically ranges from six to twelve weeks. However, this can vary depending on the complexity of the transaction, the readiness of both parties, and any specific terms agreed upon in the contract.During this period, several key activities take place, including finalizing financing, conducting last-minute checks, and preparing legal documents. In some cases, particularly with more straightforward transactions or when both parties are highly motivated, completion can occur in as little as a week. Conversely, if there are complications, such as issues with financing or delays in paperwork, it could extend beyond four weeks.It’s important for both parties to be clear on the agreed timeframe during contract negotiations, and to maintain communication to ensure a smooth process leading up to completion.