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10 JANUARY 2011 – BUYERS RIGHTS TO ACCESS PROPERTY BEING PURCHASED

10 JANUARY 2011 – BUYERS RIGHTS TO ACCESS PROPERTY BEING PURCHASED

Q.When is a Buyer entitled to access a property after the Contract is signed but before the settlement?

A. Under Clause 8.2 of the Standard REIQ Terms of a Contract a Buyer (and their consultants) may enter the property (after giving reasonable notice to the Sellers) as follows:

  1. To read the water meter
  2. To carry out building, pest and/or pool inspections
  3. To value the property
  4. Once to inspect the property prior to settlement

TIP: We recommend Buyers inspect the property prior to settlement on either the day before or preferably the day of settlement. We suggest Buyers contact their Real Estate Agent to make arrangements for inspections.

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