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9. Guarantees

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9. Guarantees

Category Seller Guide

The conveyancer obtains guarantees from the buyer or his bank for the purchase price, or the balance of the purchase price if a deposit is being paid. Notice should be given to the seller`s bank that the existing bond on the farm should be cancelled to avoid penalty cancellation fees. The conveyancer requires FICA compliance as protective measure against fraud and money laundering.

Author Agrisell
Published 31 Mar 2021 / Views -
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