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Home >> General Public User >>Property Laws>>UK>>Position under the Standard Conditions

Position under the Standard Conditions

According to the Standard conditions, the deposit can be held as stakeholder other than in cases where the seller agrees to purchase another property in England or Wales for his residence before completion. In this case, the seller may use the entire or a part of the sale deposit for purchase of a property in England or Wales. This permits a deposit to be passed along a chain of transactions.