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  • Kim 4 regent
    Freshie
    • Feb 2009
    • 27

    #1

    Legal Binding Contracts

    Following on from yesterday ........
    6. Settlement and possession date. At present we are experiencing a mixture of both fixed date and a certain number of days from unconditonal date. Settlement can be completed in 5 working days thanks to eletronic conveyancing.
    7. Finance condition; the more specifice the better. In all cases if we are acting for a Vendor or Purchaser and have been advised Finance has been declined we will require evidence in writing from the Lender. An Agreement should never be cancelled without written confirmation. It is a performance condition.
    8. Tenancy; if the property is subject to a Tenancy information must be provided covering Bond, Rent, Term and right of renewal. There may be and adjustment of the bond and rent at settlement.
    9. Further terms to the Agreement be specific;
    A. Inspection and satisfaction of the property file held at Council.
    B. Obtaining and being satisfied with a Builders Report.
    C. Obtaining and being satisfied with a Valuation.
    D. Your Conveyancing Practitiones approval of the Title in all respects.
    E Any other matter you may think relevant to the property.

    And of course the 6 "W" coming next now off to Christchurch to see a sick friend have a great and do try and stay warm
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