At what point in the negotiation does the deal become legally binding?

 

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20. At what point in the negotiation does the deal become legally binding?

All aspects of the deal will remain negotiable until you exchange contracts. At that point, the contract is binding on both you and the landlord. You pay stamp duty land tax and other fees, including any land registry fees, at the completion date when you take over the premises. If the premises are ready to be occupied straight away you may enter into a new lease without any prior contract.