Property condition at settlement

Moving in and out of a property can be a tedious task. So what condition does it need to be left in to ensure compliance with the contract?

The terms of the contract provide that the property must be at a ‘reasonable’ standard at settlement. Whilst this does not necessarily mean that the property should be professionally cleaned, it should definitely be given a once over to avoid issues arising on the settlement day. All belongings should be removed and it is best to plan ahead to ensure that the move out process runs smoothly. 

In terms of damage and maintenance, remember, the property should be handed over to the buyer in the same condition as it was when the contract was signed so be careful when moving furniture to not cause any damage to the property.

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.

 

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Andrew Francey

B.Bus, GCAF, GAICD

Chief Operating Officer

Andrew has over two decades experience in high growth fast moving consumer goods, agribusiness and professional services. Supporting the Ownit team to deliver on client expectations, and implementing processes to scale the organisation, is a key focus for Andrew.

Andrew is a C-Suite leader with Chairman and Board experience.  He has formal qualifications in Business, Applied Finance and AICD Company Directors Course.

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