a Property - continued -
should penalty interest apply then the amount of interest will also
be shown in the adjustments.
The purchaser’s conveyancer or solicitor will serve this Statement
on Sargeants Geelong prior to settlement and we will confirm all
these details with you and request you do not make any further payments
in relation to the above. Once we confirm all is correct we
will liaise with your lender (if applicable) and get a final payout
amount for your loan and details of the cheques your lender will
require at settlement.
The settlement date will normally be specified in the Contract,
however if your transaction is dependent on a Plan of Subdivision
or Vendors probate being granted etc, settlement date will take
place as specified by the terms in the Contract. If you are
not sure of these terms, then please contact our office.
Settlement date is the day the purchaser takes ownership and possession
of the land. We will organise a convenient time and location
with all parties involved to complete the transaction, however please
bear in mind, that the lending institutions sometimes have strict
policies as to the time they will settle, therefore it is not always
possible to settle in the morning. It is not required for
the Vendor to attend settlement.
The purchaser is entitled to a final inspection prior to
settlement and will be contacting the agent in the weeks leading
up to settlement to organise this inspection.
Please ensure the property is in the same condition as to when you
signed the Contract (fair wear and tear excluded).
Please ensure that you have vacated the property prior
to the scheduled settlement time. You are required to leave
the keys with the selling agent. Once your settlement has
been effected, we will contact you to advise. The agent will
also be notified on the completion of settlement with instructions
to release the keys to the Purchaser.
We will notify the council, water authority, owners’ corporation
(if applicable) & managing agent for existing tenancies (if
applicable) of the change in ownership. It is your responsibility
to arrange for any disconnections of any utilities and/or services
currently connected in your name.