contract

I'm almost ready to put to tender 2 x higher end architect designed townhouses with expected build cost of circa $1.5m+ (total, both townhouses). The architect has offered to run the tendering process and administer the contract at a relatively low cost. The build will not be terribly easy...

Building two townhouses and have made some edits to the Architects agreement prior to engaging him. His agreement states: 11. You must indemnify us and keep us indemnified against all costs, liability, losses, and claims incurred by you as a result of our breach under the agreement. I...

My partner and I have signed a contract to purchase an apartment. Everything up till finance has been sorted and we're on the home stretch. We signed the loan offer with the bank and therefore made our contract unconditional. The bank has now come back and informed us that there's been some...

Hi. In the current Sydney market most REAs are pushing for offers including .25% deposit and the front page of the contract signed. My question is..If you sign the front page, are you agreeing to the entire contract as it is? I.e. do you need to get any questionable special conditions/clauses...

Hello Forum Members, After paying off a block of land over the last 10 years, and entering into a standard form MBA building contract with a well established and reputable builder through a separate sales and marketing/project management service (will leave out company and business names and...

Hi, My lawyer advised me that contract for the land purchase mentions PEL 267. On asking what exactly it implies, my lawyer advised that: If Petroleum is discovered on your land, or nearby, you will have to move. Or, there may be a right to build a refinery next door to you. Now...

Good afternoon everyone! I've been a long time lurker of Somersoft and have learned a great deal from all of your contributions. I guess I was a bit apprehensive registering because of my relative youth and inexperience, but you're all so friendly I couldn't resist :D So, my questions to...

Hi. I am thinking of putting a cash offer for a property that needs to be sold for a fast settlement. However, the owner has started a couple of jobs around the place that is yet to be finished like putting up the retaining wall and new fence, and replacing the vanity in the bathroom. He...

We are looking at buying a QLD property at receivers auction that has two mortgages and one caveat placed on the property. 1. Generally speaking, will these be released/removed and will we get clear title to the property? 2. Is it possible that not all mortgages will be released and the...

I vaguely recall this being the status quo in WA despite it's absurdity, is this normal? Suggested management agreement contract landed on my desk. In it the property manager has cheekily inserted a clause to take 50% of their forecast property management fees for the life of the contract...

Hi all, I've been submitting offers on individual properties for reno's over the last 6 months (one at a time) until the buyer wants more than my limit or I've been out bid by other buyers. Its frustrating to only deal with and make an offer on one property at a time when others are...

Hi We signed contract to buy a property in WA with subject to Finance by one bank condition. The mortgage advisor advises me that we cannot get a loan for this amount but still has not given us the non approval letter. I asked for extension of time to settle finance condition, but the vendor...

Hi In my offer and acceptance contract the finance clause states that the amount of the loan from ANZ will be $205 K. It was a standard REIWA "finance applicable clause" What happens if ANZ only decide to lend me $199 K? If ANZ dont lend me the $205 K as stated in the contract am...

I'm about to exchange contracts In the title search I see: 1. Reservations and conditions in the Crown Grant(s) 2. H7591 Land excludes materials 3. H7591 Covenant My conveyancer didn't seem concerned about the covenant and hasn't found out about it. There is no document with the...

Hi There We have our drawings almost finalised for our house renovation and i think i am at the stage when i need to take these drawings to a builder to get a quote for the job. Can anyone point me to a good source of information for this process? What information other than drawings does...