All Suspensive Conditions Met: What Does It Mean?
- Empower Funding
- Jul 2
- 2 min read
When it comes to bridging finance, one of the key requirements is ensuring that all suspensive conditions have been met. But what exactly does that mean? A suspensive condition is a clause in your sale agreement that specifies something that must happen before the sale can proceed. Simply put, it’s the “fine print” that can hold up the process.
For example: If you’re the buyer and your agreement says, “This sale is subject to the buyer obtaining a bond,” that’s a suspensive condition. If you don’t get the bond, the contract falls away and the sale doesn’t happen.
In every property sale agreement, there’s a section called Suspensive Conditions. This section may be blank or filled out. If it’s filled out, we need to make sure that every condition listed there has been fulfilled before we can finalize your bridging finance.
Why Does This Matter? Until all suspensive conditions are met, the sale is not guaranteed. That’s why banks and bridging finance providers need confirmation that the deal is secure before advancing funds.
What Should You Do? Check your sale agreement, look for the section labeled “Suspensive Conditions.”Confirm they’re met, make sure every condition listed has been fulfilled. Contact us early, even if the conditions haven’t been met yet, get in touch so we can start preparing your application and get you your money as soon as everything is in place.
At Empower Funding, we’re here to make the process as quick and easy as possible. Don’t let delays in your sale keep you waiting for your cash flow!
Call us today or reply to this email to find out how we can help you access your funds faster.
No Hidden Fees, Just Results With no additional costs or hidden fees, what you see is what you get. Our straightforward process ensures your experience is easy, with clear pricing from start to finish. Ready to Fund Your Future Today? Whether you’re an agent awaiting commission or a seller ready to move forward, we’re here to get you your money quickly and efficiently!
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Email us at: info@EmpowerFunding.co.za
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