Search results

  1. RPI

    QLD finance date = bank approval right?

    You need to post the notices to their address. Slow and painful. Don't need a receipt though just need to send it 2 days before due date
  2. RPI

    QLD finance date = bank approval right?

    Depends on contract. if they listed agent's fax as theirs or they instructed in writing that notice to agent is notice to them etc then ok
  3. RPI

    QLD finance date = bank approval right?

    All good. I am always happy to chat property so feel free to call or ask away. D
  4. RPI

    QLD finance date = bank approval right?

    Correct. Again, no need to actually get finance or show any proof of it to tell the other side you waive it. You can always just ask for an extension anyway, (although if you went with a chop shop they will hit you an extra $100 or so to ask for the extension) and unless they have a cash buyer...
  5. RPI

    QLD finance date = bank approval right?

    Correct. You don't even need to have approval, you just have to give notice that you have waived the condition. Or you could ask for an extension. You also don't need to be reasonable in accepting the offer of finance made by the lender, you do need to make a reasonable attempt to obtain...
  6. RPI

    QLD finance date = bank approval right?

    Not in QLD. It is same for B&P. Both conditions are non deeming, that is if you do not provide notice to the seller then they are not deemed to have been waived or satisfied. Prior to 5pm on the day of the condition the seller can not use those terms to terminate the contract, after 5pm they...
  7. RPI

    QLD finance date = bank approval right?

    ADL forms Contract (2nd most popular contract in QLD) has similar terms at clause 5. Don't have the word version to cut and post though.
  8. RPI

    QLD finance date = bank approval right?

    Not in QLD. As I said before it is not a deeming clause, it is not deemed satisfied. REIQ Contract conditions 3.2 The Buyer must give notice to the Seller that: (1) approval has not been obtained by the Finance Date and the Buyer terminates this contract; or (2) the finance condition...
  9. RPI

    QLD finance date = bank approval right?

    You are correct. If it is one of the 2 standard form contracts it is not a deeming clause. This basically means that you can terminate based on the finance clause up until 5pm on the day. After 5pm you have an ongoing right to terminate, but the seller can also terminate.
Back
Top