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March 4, 2015

What can a Vancouver real estate buyer do when the deposit has to be paid within one day after subject removal and the banks are closed?

Because the deposit is not paid in time the seller has the right to void the transaction.

There was nothing to prevent the buyer from paying the deposit before the conditions were removed, so the buyer has no reason to complain that he lost the deal.

If you are removing subjects on a specific date, the deposit should always be due no later than that date.

Also, make sure your condition removal date is not on a non-banking day.

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