The completion date, put simply, is moving day. It's the date on which the seller must vacate the property and the buyer will get the keys and can move in. Fundamentally, on completion, the buyer must, through their lawyer, hand over all the remaining money required to purchase the property.

What happens after a completion date is agreed?

A completion date has been agreed. At the point at which the solicitors confirm with each other they hold all the legal documents required for the transaction to complete, they 'exchange' contracts (usually over the telephone) the transaction becomes legally binding.

What does Completed date mean?

completion date. noun [ C ] the date on which something such as a project will be finished, especially a date promised in a formal agreement: estimated/projected/scheduled/target completion date He insisted the target completion date of November this year would not be moved to cut costs.