After receiving the 99% payment?
The obligations of the vendor and the purchaser is stipulated in the Sales and Purchase Agreement (“SPA”) executed between the parties and this includes the time frame required by the vendor to handover the keys (ie vacant possession).
Generally, keys and vacant possession are only handed to the purchaser upon the payment of the full purchase price of the property. However, it is best to check on the clauses of the SPA to see if there is any special clause to allow the keys to be handed over before the full payment of the purchase price.
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