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United Kingdom
Key definition
Completion definition What does Completion mean? In legal practice, Completion is the point at which a transaction is finally effected, sometimes called 'closing' in cross‑border deals: consideration is paid and title, assets or rights are transferred after all conditions precedent are satisfied or waived and the required completion documents are delivered. Not generally defined by legislation, it is a contractual expression used across conveyancing, corporate/M&A and finance, informed by common law. Key features include a completion date/time; completion mechanics (agenda or checklist); execution and delivery of transfers and ancillary documents; release of funds (often against undertakings); and, where relevant, escrow or virtual completion. Completion usually fixes when...
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Section 49(1) LPA 1925 vendor and purchaser summons: pre-completion land contract disputes—jurisdiction, CPR Part 8 procedure, orders and limits (England and Wales)
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Practice notes
Section 49 of the Law of Property Act 1925
This Practice Note outlines the procedure under section 49(1) of the Law of Property Act 1925 (LPA 1925). It enables a buyer or seller of any interest in land (or their representatives), during the period between exchange and completion, to make a summary application to the court in relation to:
- any requisitions or objections
- any claim to compensation, or
- any other issue arising from or connected with the contract (other than a matter affecting the contract’s existence or validity)
The provision applies to contracts for the sale or exchange of any interest in land. The court may make whatever order appears just, including directions on the costs of and incidental to the application. The court has no power to award damages. For guidance on the court’s discretion to order repayment of a deposit under LPA 1925, s 49(2), see Practice Note: Return or forfeiture of a deposit.
When is it appropriate to use the section 49(1) procedure?
The s 49(1) route (also known as a ‘seller and buyer summons’) is intended to be a relatively swift and economical means of resolving disputes between a seller and buyer arising...
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Web page updated on 21/05/2026
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Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...
I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...
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