Hains Solicitors

Buyer's Checklist for REIQ contract

Quick checklist:

(in contract order,  !! means critical, all others are preferable)

 

¨ Contract date: blank

   ¨ Agent details: complete, or marked "not applicable"

!! ¨ Seller details: complete, no initials, accurate (checked)

   ¨ Sellers solicitor: details completed

!! ¨ Buyer details: complete, no initials, tax advice on names

   ¨ Buyers solicitor: details completed

!! ¨ Land - Address: complete

!! ¨ Land - Description: complete lot and plan number

   ¨ Land - County & Parish: details completed

   ¨ Title Reference: eight digit number included

   ¨ Land - Area: completed with an area

¨ Land - SoldAs: completed as "freehold"

   ¨ Land - Present Use: completed

   ¨ Land - Local Government: completed

¨ Land - Excluded Fixtures: completed

¨ Land - Included Chattels: completed

!!!¨ Title Encumbrances: marked "nil"

¨ Tenants: completed, or marked "nil"

¨ Deposit holder: Licensed agent, or Solicitor

!!!¨ Price: completed clearly

!!!¨ Deposit: clear, significant amount

   ¨ Default interest rate: blank, or reasonable rate

!! ¨ Finance: all 3 lines complete

!! ¨ Buyers Inspection: both lines complete.

   ¨ Electrical safety switch: ticked (either installed, or not)

!!!¨ Settlement date:  set, or set by formula

¨ Settlement place: Brisbane

 

   ¨ Special conditions ... see here for special conditions

 

"No problem can stand the assault of sustained thinking."   Voltaire
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