All Topics / Legal & Accounting / a caveat

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  • Profile photo of sandy26-64sandy26-64
    Member
    @sandy26-64
    Join Date: 2009
    Post Count: 4
    June 4, 2009 - 3:10 am

    Hi,
    Can someone inform me if a vendor who is selling a property does not go through with settlement on settlement date than wants an extension than still does not go through with the settlement. Can the purchaser persue them for breach of contract  and can we put a caveat on the same  property that they are selling again to recoup financial losses we encounted from the non sale of the property namely conveyasing fees, lawyer fees .
    Can anyone help with this matter we would be very appreciated.We are in Tasmania
    Thanks
    sandy26-64

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    June 5, 2009 - 5:47 am

    Yes.

    If you have signed a contract to purchase a property, then you have a caveatable interest in that property. So you can lodge a caveat.
    You should talk to a lawyer.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

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