Seller’s Warranties

Q. Are there any warranties given by the seller when selling their property?

A. Yes. The standard REIQ Contract contains certain warranties given by the Seller of a property to the Buyer as to their capacity to complete the Contract, the correctness of the title, that there are no judgements, orders or writs affecting the Property, and that there are no unregistered dealings (among others).

Related:
What are the essential elements of a contract of sale on lands?
Buyers Guide
Sellers Guide

TIP – It is important that the Seller gives full disclosure of all matters that pertain to warranties in writing before the Contract is entered into by the Buyer, it is also important that these matters are disclosure in the Contract of Sale as evidence that the Buyer was aware of these matters when entering into the Contract.

Leave a Reply

Your email address will not be published. Required fields are marked *

Other Topics
Need Help?

Contact us today for all your conveyancing needs.

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.

How Can We Help?

Google Rating
4.6
Based on 1459 reviews
×