Common use of Completion Statement Clause in Contracts

Completion Statement. Along with the draft of the transfer deed, you will receive a completion statement from the civil-law notary. The completion statement for the buyer (usually) includes the purchase price, the costs to be settled, the property transfer tax, the Land Registry fees, et cetera. The completion statement for the seller includes the amount to be repaid on the mortgage loan (if any) and the associated costs. As a rule, any outstanding estate agent’s charges and, where applicable, the consultancy fees in respect of the mortgage loan are paid through the civil-law notary. The estate agent’s charges are payable by the party who has engaged the estate agent. The amount shown at the bottom of the completion statement is the amount payable by the buyer or the amount to be received (or paid) by the seller.