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Pre Settlement Inspection

Pre Settlement Inspection

Is the Buyer entitled to inspect the property prior to settlement?

Yes. Pursuant to the terms of the standard REIQ Contract a Buyer is entitled to undertake one pre settlement inspection of the property prior to settlement. Prior to settlement the Seller must remove all reserved items from the property and repair any damage caused through the removal of reserved items. The terms of the Contract provide that the Seller indemnifies the Buyer for any damage caused to the property by the removal of reserved items.

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(ALSO READ:)
Buyers Rights to Access Property being Purchased
Buyers Guide
Sellers Guide

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To learn more about Pre Settlement Inspection today, contact OWNit Conveyancing on 1300 553 750.