In plain English
The deal has reached the stage where the last handover is still outstanding. Ownership has not yet changed hands, and the final payment has not yet been made. This status means those final steps are due next, not already finished.
In context
Here, it marks the period just before final completion, when the sale or purchase is awaiting the transfer of ownership and final payment.
- Situation
- Following home-purchase, mortgage, valuation, survey, and closing administration
- What it communicates
- marks the period before final completion.
Meaning limits
By itself, this status does not say when final completion will happen.
Examples
“The cottage sale stayed completion pending after exchange, as the buyer still had to send the final payment and ownership had not yet transferred.”
“With the purchase still completion pending, the buyer booked the van but could not collect the keys yet.”