Standard Conditions used in Mount Isa Contracts (as approved by Mt Isa Law firms/Agents)
ANNEXURE REFERRED TO IN SPECIAL CONDITIONS
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1. ELECTRICAL, BUILDING AND PEST INSPECTIONS
This contract is subject to and conditional upon Clause 4.2 of the Standard Terms of this Contract being deemed to include the right of the Buyer to obtain written Electrical, Building and Pest Inspection Reports by the Inspection Date herein, and all provisions of Clause 4.2 shall apply to this condition.
2. PERMITS AND FINAL INSPECTION CERTIFICATES
a) This Contract is subject to and conditional upon the buyer being satisfied within 21 days of the date of this Contract (Approval Date) that all approvals, consents, permits and final inspection certificates required by the Mount Isa City Council or other relevant statutory authority have been obtained and/or issued by the Mount Isa City Council or other relevant statutory authority, in respect to all improvements on the property.
b) If the Buyer is not satisfied that all approvals, consents, permits and final inspection certificates have been issued by the Mount Isa City Council or other relevant statutory authority, for all improvements on the property, then the Buyer by way of notice in writing to the Seller or Seller’s Solicitor shall have until 5:00pm on the Approval Date, to require the Seller to do all such things as may be necessary to obtain such approval, consent, permit and/or final inspection certificate and deliver same to the Buyer and/or Buyer’s Solicitor prior to settlement being effected.
(c ) If the Seller fails to obtain and provide to the Buyer or Buyer’s Solicitor such approval, consent, permit and/or final inspection certificate prior to settlement, then the Buyer may terminate this contract in which case all monies paid by the Buyer shall be refunded in full to the Buyer.