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keroppi_gims, it sounds like your question is: "what recourse do I have if this vendor no longer wants to sell me the property?" The short answer is, for all practical purposes, none, unless it's a multi-$M deal on which you'd secured an incredible bargain, and it's worth spending $100K+ on...

But if they fail to settle due to the seller's failure to provide vacant possession, it would be keroppi_gims terminating for the seller's breach, wouldn't it?

Why aren't you asking your solicitor these questions? :confused:

Nonsense. The vendor signed the contract. Did you speak to your solicitor prior to agreeing to this? Have you investigated possible CGT and other implications? Your options are to: 1) Settle and accept the vendor as a tenant. I would absolutely not agree to this for all sorts of reasons...