All Topics / Help Needed! / Owner’s daughter wants to delay settlement

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  • Profile photo of MichaelGGMichaelGG
    Participant
    @michaelgg
    Join Date: 2009
    Post Count: 13
    March 5, 2010 - 6:36 am

    Hi guys,

    My friends just brought a house. The settlement was originally set at 27.03.10.

    Therefore, my friends are going to move out from current rented apartment on 27.03.

    However, the agent called my friends just now said the owner’s daughter wants to delay settlement a week. The owner has moved to Canada that’s the reason the owner sold house.

    The agent told me friends they could not deny this request. Because “Green book” has a clause that stats owner has right to extend settlement.

    Can you guys please shed a light on how my friend should do in this situation?

     

    Thanks a lot!

    MichaelGG

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    March 5, 2010 - 12:04 pm

    Whats a green book?
    What state are you in? or the property?

    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

    Profile photo of MichaelGGMichaelGG
    Participant
    @michaelgg
    Join Date: 2009
    Post Count: 13
    March 6, 2010 - 8:38 am

    Hi Terryw, thank you for your reply. I'm not quite sure what's a green book? need to clarify this with my friends.

    we are in WA.

    Thanks,
    MichaelGG

    Profile photo of MichaelGGMichaelGG
    Participant
    @michaelgg
    Join Date: 2009
    Post Count: 13
    March 8, 2010 - 2:30 am

    After a negotiation, the problem is off now.

     

    Thanks guys!

Viewing 4 posts - 1 through 4 (of 4 total)

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