Posts

Showing posts with the label Settlement Steps

Important Information – Settlement Steps

Image
  Pre-settlement Inspection Unless we tell you otherwise, your Contract will entitle you to undertake a pre-settlement steps inspection of the Property. We suggest you make arrangements with the Seller to undertake that inspection.  You may wish to engage a consultant to assist you to undertake the inspection and, among other things, check that the Property has been finished in accordance with the agreed specifications. Settlement Notice We will lodge a Form 23 Settlement Notice on the title before settlement. This helps protect your interest in the Property by preventing the registration of any conflicting interest (such as a mortgage or transfer to an unrelated third party,  but not a caveat or a writ of execution) until the earlier of: Two months after we lodge the notice; or Your transfer and all related documents are lodged; or It is withdrawn. Transfer Documents Title to the Property will be transferred to you after settlement when transfer documents are registered ...

Important Information – Settlement Steps

Image
Pre-settlement Inspection Unless we tell you otherwise, your Contract will entitle you to undertake a pre-settlement steps inspection of the Property. We suggest you make arrangements with the Seller to undertake that inspection. You may wish to engage a consultant to assist you to undertake the inspection and, among other things, check that the Property has been finished in accordance with the agreed specifications. Settlement Notice We will lodge a Form 23 Settlement Notice on the title before settlement. This helps protect your interest in the Property by preventing the registration of any conflicting interest (such as a mortgage or transfer to an unrelated third party,  but not a caveat or a writ of execution) until the earlier of: Two months after we lodge the notice; or Your transfer and all related documents are lodged; or It is withdrawn. Transfer Documents Title to the Property will be transferred to you after settlement when transfer documents are registered in the Land T...