UK
Completion
Completion is the day the balance of the purchase money is paid and ownership passes. In a normal English sale the buyer gets the keys once the solicitors confirm completion.
Also called Completion day.
The agent’s job that day
Keys are not handed over because a removal van has arrived. Wait for the solicitor’s confirmation, then release keys as the vendor instructed. In a chain, completion times cascade. A delay at the bottom can hold every set of keys. Keep the vendor posted, and do not guess that funds have landed.
US wording
American brokerages say closing, not completion, and the mechanics differ: escrow, title and a closing disclosure. Do not use the English completion checklist for a US file.
Questions
What does Completion mean?
Completion is the day the balance of the purchase money is paid and ownership passes. In a normal English sale the buyer gets the keys once the solicitors confirm completion.
General information for agency staff, not legal advice. Rules and local practice change. Check the official source before you rely on a definition in a client letter.