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It’s massively rare that an exchanged property doesn’t complete. Even death isn’t enough to stop it completing most of the time.
I’d say the number that fail to complete is decimals of a percent.
I still wouldn’t sign it tho.
Ask them to strike it out, it’s probably some generic estate agency contract they found on the intrntz and have never read.
Hefty
Ta. They're sneaky/incompetent.