REIQ CONTRACT UPDATE

The REIQ has released a new version of the Residential and Community Titles scheme contracts. The 17th Edition (residential) and 13th Edition (CMS) have been made available as of 20 January 2022 and should be utilised for all contracts entered into moving forward.

There are various changes implemented in the new contract specifically in relation to: –

1. The Settlement Date
2. Smoke Alarms
3. Deposit by Direct Debit
4. Pool Compliance Certificate
5. Contract Date and Calculation of Time.

We are here to help!
Please feel free to contact us if you have any queries or would like to arrange an earlier settlement date.

Contact Ownit

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.

Please feel free to forward a copy of this newsletter onto your associates.

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Tinielle Lees

Solicitor

With eight years of experience in property law, Tinielle is a dedicated solicitor at Ownit Conveyancing Lawyers, bringing a wealth of expertise in both residential and commercial conveyancing. She plays a pivotal role in ensuring the seamless execution of conveyancing transactions, delivering efficient and strategic legal solutions tailored to clients’ needs.

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