Can anybody suggest a source we I can get clauses that I can add to a contract when I purchase properties for extra protection
I just did a search on google as 'property contract clauses' (with pages in australia) and the first link is this.
http://www.ownitconveyancing.com/ContractClauseInformation.aspFrom first look it seems to have every clause under the sun, there is alot, it should be fine for you, but if you need any reassurance on any of them on the website i'm sure someone here can help you out further.
Kind Regards,
Christopher Fife.There is a book by solicitor Rob Balanda called Clauses made simple wher he gives you hundreds of potential clauses.
You can get details by clicking here.
The problem is the more "out clauses" you use – the less attractive your offer – so keep your offer clean and simple. Get you finance and structures in place before you make an offer and do your homework so you are comfortable with the value of the property you are buying.
An offer with no or few conditions is much more attractive to the vendor
hi Laurown… I normally will add what I call a 'vendors warranty' clause….
basically saying that…. the vendor warrants all electrical, plumbing, gas, pool
appliances, accessories, fixtures, fittings, motors, pumps, to be in good working
order prior to settlement.
I have had vendor fix a fan in an oven etc which I probably would not have found at my pre sett. inspection…
I have found that pools etc have generally been left in good condition as the vendor doesn't want to
jeopardise the successful settlement due to something silly being not quite working properly…
It's just a backstop really…. hope this helps???Regards
M.
Clauses are great when you have something specific you want to be protected from but never use clauses just in case…
Remember that the best deals are obtained with unconditional cash offers! It comes down to knowing the market well enough to assess you own risks
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