Recent content by Sandie

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    new resident managers?

    A few years ago, we did a couple of years as resident managers in two different complexes. Whether it's better to stay with the resident managers I would think depends on their performance. When we did ours, we would rarely have a unit vacant for more than a few days, if that. We were...
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    Settlement adjustment question

    PPOR, Ozperp... :) We feel we have had more than usual dramas with this purchase and a dual authority with the conveyancer hasn't helped one bit - that was one big mistake. So apologies if it came across as nit picking - was more a statement of frustration. And no - didn't count the...
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    Settlement adjustment question

    Looks like I have found my answer in clause 2.6 on the REIQ contract and will post here should it be of help someone else. My understanding is as follows: If the outgoings amount has been paid, then the adjustment is calculated on the actual amount paid. If it hasn't been paid, then it is...
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    Settlement adjustment question

    Hmmm I just phoned the council with a different question, but while there I asked if she knew if settlement adjustments are based on the discounted amount or full amount. She said it was the discounted amount and seemed pretty definite about it. Looks like it is a bit of a grey...
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    Settlement adjustment question

    Thanks for the reply, Ozerp. If that's so, then we would pick that back up again when we sell. IF it is done that way consistently, then have no problem with it. :)
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    Settlement adjustment question

    Sorry it wasn't clear... In your example, we are being charged on $1000 and not the $500. The vendor is in arrears and it appears that the settlement figures are being calculated on the full pre-discounted amount. If so, we are a bit miffed we should have to pay a higher amount because...
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    Settlement adjustment question

    We're settling next week and conveyancer has sent through settlement figures. We're buying a unit and body corporate fees offer a discount if paid by a certain time. The vendor is in arrears and the conveyancer has not allowed an adjustment for the discounted amount. In this case, we're...
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    Change of settlement date - is this normal?

    Thanks to Marg and JO for your replies and it sounds like it is relatively normal. We have bought and sold PPOR's on several occasions over the years, but I think this must be the first time we have negotiated an earlier settlement. Settlement is scheduled around mid January, so will let...
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    Change of settlement date - is this normal?

    Thanks for the detailed reply, Propertunity Totally agree that the dual authority was a big mistake. Would never ever do it again. If settlement had only been brought forward a couple of days with reversion to the original contract date, we wouldn't be too concerned. Appreciate your...
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    Change of settlement date - is this normal?

    We are purchasing a property (PPOR) and both vendor and ourselves want to move the settlement date about three weeks early. It was a long contract for various reasons, but we are both agreed on this earlier date. Should be simple we all thought. A little background. We are using a...
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