Standard Conditions used in Mount Isa Contracts (as approved by Mt Isa Law firms/Agents) ANNEXURE “A” REFERRED TO IN SPECIAL CONDITIONS [insert address] Qld 4825 1. ELECTRICAL, BUILDING AND PEST INSPECTIONS This contract is subject to and conditional upon Clause 4 of the Standard Terms of this Contract being deemed to include the right of […]
Continue readingDUE DILIGENCE
This contract is subject to and conditional upon the Buyer completing within 14 days from the contract date a due diligence investigation of the Property. In the event that the results of the due diligence investigation are not satisfactory to the Buyer in the Buyer’s absolute discretion, the Buyer may terminate this contract by notice […]
Continue readingSUNSET CLAUSE
Sunset Clause In the event that the Seller gives the Buyer written notice that the Seller has received another offer to purchase the subject property, which is in the opinion of the Seller a better offer, the Buyer shall within three (3) working days of receipt of such notice advise the Seller whether the Buyer […]
Continue readingBODY CORPORATE CONDITIONS
Body Corporate Search This contract is subject to and conditional upon the Buyer being satisfied at their sole discretion with the results of their search of the Body Corporate records within 14 days. Should the Buyer be so satisfied within the time frame, the Buyer will notify the Seller of their satisfaction thereof, failing which […]
Continue readingFLOODING
Flooding This contract is subject to and conditional on the Buyer being satisfied prior to settlement in their absolute discretion that the Property has no history of flooding or is not at risk of flooding prior to Settlement. In the event that the Buyer establishes that the Property has a history of flooding or is […]
Continue readingSATISFIED WITH SEARCHES
Council Searches This Contract is subject to and conditional upon the Buyer advising the Seller within 14 days of the Date of Contract that the Buyer is satisfied with the results of council searches conducted by the Buyer or the Buyers Solicitor, failing which the contract is at an end and all deposit moneys paid […]
Continue readingSHORTFALL/BANK APPROVAL
Mortgagee Release Condition This Contract is subject to the Seller receiving mortgagee consent for the release of the property on or before fourteen (14) days from the Contract date. In the event that the mortgagee consent is not received, or relevant extensions agreed upon, the Seller may terminate the Contract and all deposit monies paid […]
Continue readingSUBJECT TO SALE/SETTLEMENT/BACKUP
Subject to Sale This contract is subject to and conditional upon the Buyer obtaining a contract on {insert address} within {x} days of the date of this contract and settling same on or before 30 days from the date that contract is entered into and such settlement to be contemporaneous with this contract Subject to […]
Continue readingSOIL TEST
SOIL TEST This contract is subject to and conditional upon the Buyer being satisfied in the Buyer’s absolute discretion with the results of the soil test to be conducted, by the Buyer, on the Property, within 14 days from the contract date. If the Buyer is not satisfied, the Buyer may terminate this contract by […]
Continue readingAS IS WHERE IS (BUYER TO ACCEPT)
Property Sold and Accepted “As Is, Where Is” – No Objections by Buyer: This property is sold by the Seller and accepted by the Buyer on an “As Is, Where Is” basis. The buyer has relied upon their own investigations and judgement in assessing: The condition of the property; The location of the property (including […]
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