What happens if the property is damaged before settlement?
A Seller has an obligation to take reasonable care of a property until settlement even though the property is at the Buyers risk from 5.00pm on the first business date after the Contract date.
If the property is damaged between the Contract date and settlement the Buyer is still required to settle unless the property is so damaged or destroyed that it is unfit for occupation.
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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.
(ALSO READ:)
Buyers Rights to Access Property being Purchased
Buyers Guide
Sellers Guide
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To learn more about Property Damage before Settlement, contact Ownit Conveyancing on 1300 553 750.
