Question
Beyoncet has organised the sale of her property and it is going smoothly. However two weeks before settlement she received a call from the r/e
Beyoncet has organised the sale of her property and it is going smoothly. However two weeks before
settlement she received a call from the r/e agent advising the purchaser wanted to add
clauses/conditions to the contract to ensure the property was left in good condition on expiry of the
lease and for when she moves in.
Given that Beyoncet and James were overseas and were only contactable via email, her conveyancer
advised the r/e agent that given the purchaser had already signed the contract with the lease condition,
it would not be in the vendor's interest to be adding further conditions now, and the condition of the
property on expiry of the lease would be covered by the bond, which is something the r/e agent needs
to manage.
What do you think the outcome was to this situation for the purchaser? Why?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started