Finally 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.
Settlement Date
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.
Final Inspection
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).
Keys
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.
Following Settlement
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.