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What is the law for delaying settlment date?

On November 5, 2009 / By Real Estate Law Help / In Real-Estate-Contract-Law

Hi,

We have exchanged a contract for buying a house on 19 september 09 and according to our contract the house was subject to vacancy and settlement date was due on 29 October09

At the date of settlement we were informed that the tenant has got a contract to stay there till April 2010 and does not intent to move out.

BTW the real estate agent was aware of this matter and did not say a single word about it, I have written documents and a wittness to confirm this.

We are in a tough situation, what is the law for this issue?

Thanks for your help

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