All Topics / Help Needed! / Early Access Experience

Viewing 5 posts - 1 through 5 (of 5 total)
  • Profile photo of cameron615cameron615
    Participant
    @cameron615
    Join Date: 2006
    Post Count: 4
    May 29, 2006 - 3:25 am

    Hi

    Does anybody have experience of gaining early access to a property to rennovate.

    At what stage in the process did you gain access, what were the legal technicalities and safeguards.

    Thanks

    Profile photo of WakeWake
    Participant
    @wake
    Join Date: 2003
    Post Count: 123
    May 29, 2006 - 12:05 pm

    Hi

    We have had access before settlement on two IPs. One was a deceased estate, and a special condition was put in the contract to allow access for specific purposes ie recarpeting, repair balcony rails and some painting. The second had nothing in writing, but the owner moved out a few weeks before settlement and agreed to let us in to do basic renos.

    We have had access denied on another potential purchase. It was vacant and being sold by mortgagee in posession. It needed work before it could be rented, and would only work for us if we could do it before settlement as we were committed to another reno at the time it was due to settle. We were denied access on the grounds that if the sale fell through, they would be left with a unit that required even more work (mind you nothing we did would have made it look any worse!). We offered to put a clause in the contract that made us liable for rectification in that event, plus taking out insurance, but they still denied. We didn’t proceed.

    Wake

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    May 29, 2006 - 12:37 pm

    One of my real estate friends said he sold a house that was empty. The purchaser came over to the office a few days later and asked for the keys as he wanted to check something. A few days passed and the agent drove by the property to find the new owner had just copied the key and moved in, without permission, approx 5 weeks too early!

    Terryw
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    Profile photo of pucci4065pucci4065
    Participant
    @pucci4065
    Join Date: 2006
    Post Count: 9
    May 30, 2006 - 12:34 am

    This was back in 1995. We had a long contract (90 days) but we moved in straight away under a proper tenancy agreement for $1 for the three months to settlement.

    Profile photo of jacliftjaclift
    Member
    @jaclift
    Join Date: 2006
    Post Count: 29
    May 30, 2006 - 2:22 am

    Hi All,

    Any tips on what to cover off in a clause to allow early access?

    J

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