What's the Difference Between the Completion and Possession Date?
One of my friend bought an apartment but they handover him beyond the completion date of what they committed. Recently I got a call from Casa Grande executive stating that they never failed in Possession date to their customer. I need to know the difference between both these dates.
The Completion date is the day that both the sale proceeds and title of the property change hands between buyer and seller. The Seller receives money from the Buyer, and, in exchange, the Buyer obtains legal title to the property.
The Possession date is the move-in date or the date the Buyer is presented with the keys.