Buyers: What Is a Section 27 Statement?
After signing a contract of sale, a property buyer will generally pay a deposit to the real estate agent, conveyancer or legal practitioner. The deposit is usually held securely as a stakeholder until settlement has been completed. A Section 27 statement allows the vendor to request that the deposit be released before settlement. This process […]
What rights do I have to terminate a building contract in Victoria?
There are different building contracts available in Victoria for land or homeowners. Choosing which contract is suitable for you depends on whether you are carrying out: • Domestic building work: works carried out on land or a building intended to be used as a residence (i.e. building a new home or altering or renovating a […]
