As the settlement date approaches, it's crucial for Buyers to ensure the property is in the agreed-upon condition before finalising the purchase. Conducting a thorough pre-settlement inspection allows Buyers to verify that everything is as expected and to address any last-minute issues that could impact the transaction. This inspection is a key step in safeguarding your investment and ensuring a smooth transition of ownership.
The Seller must allow the Buyer access to the Property once for the purpose of conducting a pre-settlement inspection to check on the condition of the Property.
Arrangements should be made directly with the Agent, who will generally be present when inspections are undertaken. Buyers should do their pre-settlement inspection on the day of settlement or the day before settlement. This reduces the risk that changes are made to the property between the inspection and settlement itself.
The property should not be modified in any way after the Contract Date, otherwise the Buyer may be able to terminate the Contract or claim compensation from the Seller, prior to settlement.
Before settlement the Seller must remove all chattels not included in the sale and any substantial rubbish on the Property.
The Seller is deemed to have abandoned any property not removed before settlement and the Buyer can dispose of that property as they think fit.
If the property is tenanted at the date of the contract and the tenancy is not noted on the contract, then this obligation requires that both the Seller’s property and any tenant’s property must be removed before settlement.
Disclaimer: Every property transaction is different, and the information provided may not be relevant to your circumstances. By using this site you agree that the information provided is for general purposes only and does not constitute legal, financial, or professional advice.
