Property Conveyancing – Right to Final Inspection on your Property Transfer
Are you aware as a Property Purchaser you are entitled to complete a Final Inspection on the property you are purchasing prior to the property conveyancing and settlement being completed.
Under the Terms and Conditions contained in the Sales and Purchase Agreement under Possession and Settlement 3.2 (1)if the property being sold is with vacant possession you may enter the property on one ocassion prior to the possession date for the purposes of examining the property, chattels, and fixtures which are included in the sale; and 3.2 (2) to re-enter the property on or before the possession date to confirm compliance by the vendor with any agreement made by the vendor to carry out any work on the property and the chattels and the fixtures.
The thing to remember is the property being transferred must be in the same condition as at the date of the Agreement for Sale and Purchase.
We would recommend you complete your Final Inspection at least 2 days prior to the Property Conveyancing of the settlement and possession date being completed.
You should be provided with a Final Inspection Waiver by your Conveyancing Practitioner which you should sign confirming the following:
1. The property is in the same condition as at the date of the Agreement for Sale and Purchase.
2. There are items which need to repaired and rectified.
3. Or you are waiving your right to complete a Final Inspection on your Property Transfer.
We would recommend that you expand the general Terms and Conditions for the property with the following:
A warranty from the Vendor that the dwelling and property including the lawns, gardens and surrounds will be left neat and tidy at settlement.
If want more free information please visit https://www.propertyconveyancingservices.com
Cheers Kim


