This precedent is a letter to the vendor client reporting on matters relating to completion of sale.

The precedent is used for the following purposes:

·            to advise the vendor that completion of the sale has occurred;

·            to account to the vendor for the balance of the purchase price received on completion;

·            to provide instructions on how the deposit will be accounted to the vendor;

·            to inform the vendor on all other details pertaining to the sale; and