Hi all,
I've bought a brand new property last year October which haven't had it's ccc and title issued yet (from a subdivision) with settlement in early January under the assurances from the listing agent that it'll all be ready by the end of the year.
The listing agent have said prior to purchase that the property passed it's final inspection and all documents have been passed onto council so it just depends on how quickly council can process things.
Through some investigation, I've been able to find out that that wasn't the case and the vendors are still getting documents ready to submit to council and their lawyers have said that the settlement date hadn't been finalized yet.
I've purchased the property under the listing agents multiple assurances that the title and ccc issuance would be imminent and much prior to my settlement date but now settlement date has been missed and pushed back from early December, (their initial settlement date) early January (new settlement date), late January - early February to now mid March.
Unfortunately I dont have a sunset clause in the contract due to the above and feel like I'm being taken for a ride with uncertain end dates.
My current lawyer says contract wise because the title and CCC isn't released we can't do anything despite this whole purchase stemming from the listing agents assurances that it'll be ready before the end of 2018.
Has anyone had experience with these kind of issues? Any advice on what the best course of action is to take? Any lawyer recommendations that may be able to assist?
Thanks
I've bought a brand new property last year October which haven't had it's ccc and title issued yet (from a subdivision) with settlement in early January under the assurances from the listing agent that it'll all be ready by the end of the year.
The listing agent have said prior to purchase that the property passed it's final inspection and all documents have been passed onto council so it just depends on how quickly council can process things.
Through some investigation, I've been able to find out that that wasn't the case and the vendors are still getting documents ready to submit to council and their lawyers have said that the settlement date hadn't been finalized yet.
I've purchased the property under the listing agents multiple assurances that the title and ccc issuance would be imminent and much prior to my settlement date but now settlement date has been missed and pushed back from early December, (their initial settlement date) early January (new settlement date), late January - early February to now mid March.
Unfortunately I dont have a sunset clause in the contract due to the above and feel like I'm being taken for a ride with uncertain end dates.
My current lawyer says contract wise because the title and CCC isn't released we can't do anything despite this whole purchase stemming from the listing agents assurances that it'll be ready before the end of 2018.
Has anyone had experience with these kind of issues? Any advice on what the best course of action is to take? Any lawyer recommendations that may be able to assist?
Thanks
Comment