Food & Drink0 min ago
Gas and Electric responsibility?
Please can anyone tell me when a house buyer becomes legally responsible for the gas and electric bills? Is it the moving in date...or when the contracts are signed or exchanged? Thank you.
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For more on marking an answer as the "Best Answer", please visit our FAQ.It is only the moving date if that is also the date on which completion happens, a short while after exchange of contracts. The completion date is when you become legally resonsible for the property. It is possible to buy a property and be responsible for the gas, electricity etc but not move in for a period as I have done on 2 occasions in the past. In these instances the meters should be read, preferably by both seller and buyer on that day.