Which standard condition covers responsibility for the property pending completion?

• A. Definition of general terms
• B. Formation of contract and deposit
• C. Responsibility for the property pending completion
• D. Disclosures of incumbrances

Answer: (C)

In property transactions, the issue is who bears risk and must look after the property before completion. The standard condition that covers responsibility for the property pending completion is the one that places that responsibility on the seller. This means the seller must keep the property in the same condition, maintain it, and insure it against loss or damage until completion. If something happens to the property before completion, the seller is generally liable for remedies or costs, since the buyer has not yet taken ownership.

This is why the stated standard condition is the best choice: it directly allocates risk and upkeep to the party still bound by the contract before completion, providing clarity and protection for both sides. The other options relate to different aspects of a contract—general terms, how the contract is formed and the deposit, or disclosures of encumbrances—and do not address who bears responsibility for the property while waiting to complete.