Closing date: below the closing date, you indicate the renewal period until the closing date after the initial date of the sales contract. Write down the day, month, and year. There are many scenarios in which the buyer can postpone the closing date. For example, the mortgage was delayed; Then the deadline can be extended to give time for loan processing. The buyer can also postpone the closing date if your purchase depends on the sale of the current home. According to the terms of the sales contract, the seller, if he does not wish to grant an extension, may demand that the deposit of serious money be returned to the buyer. However, if market conditions have changed in favour of the seller since the conclusion of the contract, the seller may be justified in granting an extension in the hope that the buyer closes at the agreed sale price. The extension clause is offered to the seller by the buyer due to unforeseen circumstances. . . .
