Vendor warranties

Under clause 7 in the standard ADLS sale and purchase agreement, a vendor makes a number of warranties to the purchaser. These include: Importantly, this warranty does not cover any work done by a previous owner. This means that if any of the items listed above don’t work then this should be made clear in the Agreement. Frequently, the warranties …

Pre-settlement inspections – What’s in. What’s out.

One of the last boxes to tick before settlement day is the pre-settlement inspection.  You’ll all be familiar with the concept and no doubt have had some interesting experiences.  If the property is being sold with vacant possession, the agreement gives the purchaser the right to enter the property on one occasion to examine the property, chattels, and fixtures which …