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.
We are here to help. Please contact our office should you require any assistance.
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.
Check out Ownit conveyancing Queensland offices near you:
- Conveyancing Brisbane
- Conveyancing Gold Coast
- Conveyancing Sunshine Coast
- Conveyancing Beenleigh
- Conveyancing Logan
- Conveyancing Springfield
- Click here to view all locations
To learn more about Property Damage before Settlement, contact Ownit Conveyancing on 1300 553 750.