We’ve bought two places that we had the condition of access before settlement on. We had no problems at all, and got the work done (cleaning, painting, minor repairs) and tenants moving in day after settlement. Cashflow from day one – we love it!
If you don’t settle in time you run the risk of vendor benefitting from any work you do, but just need to ensure you DO settle on time!
The document here in SA is called “Licence to Occupy” and all agents know about it, even if they don’t promote it.
cheers,Carlin
