JEANNE REARDON - Attorney at Law
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What does the "on or about" closing date in my contract to purchase a home mean?
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Real Estate Law Blog

October 2018

What does the "on or about" closing date in my contract to purchase a home mean?

The standard residential contract of sale used by attorneys in the New York Metropolitan area will often state that the closing will take place, for example, “on or about December 1, 2018.”  In New York, unlike many other states, the “Closing Date” contained in the contract, especially if the words “on or about” precede it, is a fluid date.  It is rare that a closing actually occurs on the date specified in the contract. The phrase “on or about” has been interpreted by the New York courts to mean that either side has a reasonable period beyond the “on or about” date in which to close.