What is the time limit after exchange to raise any further requisitions?

Get ready for the CILEx Conveyancing Level 6 Exam. Study with multiple choice questions, detailed hints, and explanations. Enhance your preparation and succeed!

Multiple Choice

What is the time limit after exchange to raise any further requisitions?

Explanation:
The main idea is that after exchange there is a short, fixed window to raise any further requisitions on title. The standard period is six working days from the date of exchange. This keeps the process moving and lets any last‑minute title issues be addressed promptly, without delaying completion. Counting is only on working days, so weekends and bank holidays don’t count. If no further requisitions are raised within this window, the buyer’s right to pursue additional enquires is typically regarded as waived, unless the contract provides otherwise or the seller agrees to extend. The other time frames are not used in standard practice because they would either be too short to cover typical investigations or too long and risk delaying completion.

The main idea is that after exchange there is a short, fixed window to raise any further requisitions on title. The standard period is six working days from the date of exchange. This keeps the process moving and lets any last‑minute title issues be addressed promptly, without delaying completion. Counting is only on working days, so weekends and bank holidays don’t count. If no further requisitions are raised within this window, the buyer’s right to pursue additional enquires is typically regarded as waived, unless the contract provides otherwise or the seller agrees to extend. The other time frames are not used in standard practice because they would either be too short to cover typical investigations or too long and risk delaying completion.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy