Once you sign the contract, the problem is YOURS!

Once you sign the contract, the problem is YOURS!

Once you sign the contract, the problem is YOURS!

CONVEYANCING NEWS
 
March 2013
 
Once you sign the contract, the problem is YOURS!
 
Before you buy a property, it is important that you ensure there are no ‘improvements’ that could cause financial heartache in the years to come. Legal disputes in contracts can be very expensive, as the laws in this area are quite complicated; talk to our property laws team to take advantage of our free review of your REIQ contract when you become a client of ours. If the previous owners did not obtain council approval for that garage, patio or extra room, you will be faced with the bill should the council ever insist on the work being brought into line with their building standards.
 
Once you sign a contract for property that DOESN’T have approval for all improvements, you may not be able to hold the seller responsible to rectify the problem. YOU will have to pay!
 
If in doubt, it is appropriate to include a special condition in the contract, allowing you to terminate the contract if you find out that the local authority has never approved the improvements to your home.
To be absolutely sure you aren’t leaving yourself open to unplanned expense, it is of vital importance that you talk to us BEFORE you sign the contract.
 
Fax it to 3344 2081 or email property@hatzis.com.au a copy of your contract for us to review.
 
If you have ANY concerns or queries, please contact Lynda Simpson on 3345 4388 or 0412 659 188.

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