Updates to the Joint Form and Offer and AcceptanceThe 2022 General Conditions and the new contract for the sale of land have been released today.The Offer and Acceptance has also been updated with a revised format that will be easier to use.The amended finance condition permits the buyer to apply for finance through a lender or a mortgage broker. The mortgage broker has the ability to provide notification of finance approval, non-approval or rejection.All forms that have referred to the...
During the uncertainty of COVID lockdown, REIWA has a COVID annexure to cover the most limited initial COVID Events. This may be added as an “Annexure” to contract before it is accepted, but after acceptance, it would need to be signed by all parties of the contract as a “Variation” ie Seller & Buyer of Property Address, Contract Dated DD/MM/YYYY agree to vary the contract by incorporating the labeled COVID Annexure Z; Signed & Dated: Seller X Buyer Y. Feel...
There is growing support in the property/conveyancing industry for wording on a clause for sale contracts to protect new owners and those wishing to become Landlords without beaching the extended rental moratorium on agreements.The AICWA has contacted DMIRS and has subsequently confirmed the following clauses are acceptable:
Property Tips Buying & Selling in a Pandemic While buying or selling a property may not be high on everyone’s “to-do list”, there are many reasons and circumstances why property will continue to be bought and sold in the coming weeks and months. For the time being property professionals along with the government agencies who support the transfer of property are all open for business. If you are looking to buy or sell here’s what you need to know… Sellers...
Due to the COVID-19 state regional restrictions as of midnight 31/3/2020 (https://www.mediastatements.wa.gov.au/Pages/McGowan/2020/03/WA-travel-restrictions-come-into-place-from-midnight-Tuesday.aspx) if you are moving across regions (within WA) to travel to your new home… Clients Who Are Relocating Across Regions or the BOUNDARY CHECK https://www.mainroads.wa.gov.au/AboutMainRoads/News/Pages/COVID-19.aspx & https://www.wa.gov.au/organisation/department-of-the-premier-and-cabinet/covid-19-coronavirus-regional-travel-restrictions UPDATE: 1 May 2020 visit the above WA.Gov.Au link to get your ‘G2GPass’ and app on the above link.
