A MESSAGE FROM ownit

At Ownit, our top priority is the safety and well-being of our clients and staff during Cyclone Alfred. In light of the storm, we’ve made the decision to temporarily close our office to ensure everyone’s safety.

However, rest assured that your property transactions are still our focus! We’re implementing our Business Continuity Plan to ensure that our team remains available to support you during these challenging times.

While the office will be closed, our experienced legal team will be working from home and are ready to assist you remotely via phone and email.

Please do not attend our office this week. Our team is here to help and will be available to answer your questions and support you as we navigate through this storm together.

Stay safe, and thank you for your understanding.

Looking to speak with a local expert? Book a call with us.

Default Interest

Q. What is Default Interest?

A. The Contract allows the Seller to charge the Buyer default interest on any late payment required to be paid pursuant to the Contract, the interest will continue to accrue until such time that the payment is made.

Related:
Default Rate of Interest
Buyers Guide
Sellers Guide

TIP: If no default interest rate amount is noted in the Contract the default rate provided by the Queensland Law Society will apply. The default interest rate can be found by accessing the website of the Queensland Law Society.

Please feel free to contact Ownit Conveyancing team today if you have any queries regarding the new changes.

Visit our conveyancing offices at the following suburbs in Queensland: