Negotiating the value and length of time applicable to a retention, with regards to services charges issued after completion but relating to the seller’s period of ownership. After completion, this fee covers liaising with the other party’s conveyancer, acquiring accurate accounts, calculating the amount owed, monthly accounting for the held funds and discharging the payments. We will only use this option where it is not possible to agree with the buyer’s solicitor an allowance to be deducted for the service charges on completion itself.
