The Top 10 Largest European Cities. Although the three largest cities of the world all are Asian cities, there are quite a few metropoles on the European continent as well. Two of these cities even have more than ten million inhabitants, ranking these cities amongst the largest cities in the world as well. 1. Istanbul (Turkey) â 11,4 million inhabitants.
A flat fee also could be assessed. Real estate purchase agreements contain time is of the essence language to hold firm closing dates regardless of any reasons brought up by the buyer or seller to change that date. If either party exceeds the time is of the essence closing date, the sale could be canceled.
Depending on what your purchase contract stipulates and whose fault the delay is, if you don't close on time, you may have to pay the seller a penalty for every day that the closing is late. The seller could also refuse to extend the closing date and the whole deal could fall through. In a best-case scenario, the seller could simply agree to extend the closing date with no penalty. After all, if the deal doesn't close, the seller will have to start all over again, too. Training for a Successful Finish.