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Deposit Bond

Deposit Bond

Q: What is a Deposit Bond?

A: Deposit bonds can sometimes be used (when formally agreed to between the parties) instead of cash to pay a deposit when buying a home. The person taking out the bond has to pay the money plus fees for the bond back to the bond issuer by an agreed date. At settlement the bond is usually surrendered and the full purchase price is then paid for at settlement as well.

We want to assure everyone that here at Ownit Conveyancing we are ‘business as usual’ and that we will always here to help.

Please contact our office should you require any assistance. See also: OWNit Conveyancing frequently asked questions.

We believe the success of our business comes from treating you as an important business associate and providing you with as much support as possible in dealing with your clients. This means providing you with the highest level of service, efficient turnaround of contracts, and quick, hassle-free responses to your individual needs.

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To learn more about when the owner of a property has passed away, contact OWNit Conveyancing on 1300 553 750.