{"id":2854,"date":"2017-09-06T08:39:16","date_gmt":"2017-09-06T12:39:16","guid":{"rendered":"https:\/\/www.zolo.ca\/news\/?post_type=encyclopedia&#038;p=2854"},"modified":"2021-08-03T18:26:24","modified_gmt":"2021-08-03T22:26:24","slug":"balance-due-completion","status":"publish","type":"encyclopedia","link":"https:\/\/www.zolo.ca\/blog\/glossary\/balance-due-completion","title":{"rendered":"Balance Due on Completion"},"content":{"rendered":"<p>The balance due on completion is the amount of money the buyer must pay the seller on the day the sale of a property is finalized (also known as the completion date).<\/p>\n<p>In Canadian real estate contracts, this statement is often used in the <a href=\"https:\/\/www.zolo.ca\/blog\/glossary\/agreement-purchase-sale\">agreement of purchase and sale<\/a> to ensure that the&nbsp;buyer pays the total agreed-upon purchase price prior on the closing day, or the transaction is considered incomplete and the buyer is now in breach of contract.<\/p>\n","protected":false},"author":3,"template":"","meta":[],"class_list":["post-2854","encyclopedia","type-encyclopedia","status-publish","hentry","encyclopedia-tag-agreement-of-purchase-and-sale"],"_links":{"self":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/encyclopedia\/2854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/encyclopedia"}],"about":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/types\/encyclopedia"}],"author":[{"embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"wp:attachment":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/media?parent=2854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}