Smith and Partners
Property Law Newsletter
Property Law Newsletter

Dear customer,

Judging by the number of agreements clients are bringing in, the market is still very active. This is good news but when you are very busy sometimes little details are missed in sale and purchase agreements.

Here are the common mistakes to watch out for:

We’ve had a few agreements where contact details for either the purchaser or vendor have been missing, which can cause delays.

Also, where GST is applicable to the transaction, the GST schedule must be filled out and it is imperative each party is encouraged to seek accounting advice before signing.


We’ve had a few deals go south when the vendor failed to provide vacant possession on settlement day. This causes considerable cost to the vendors and stress for everyone involved โ€“ agents included! Wade’s article below outlines the danger signals to look out for, what you can do as an agent to help the process and clauses that can be included if the purchaser is worried about delays.

In this newsletter we also explain what’s involved when selling property from a deceased estate. There are two big factors to watch out for โ€“ have the executors or administrators completed the required legal work including probate and transferring ownership from the deceased? And do they understand the implications of vendor warranties when selling property from a deceased estate?

If you have any questions about the information in this newsletter or need a quick opinion on something please don’t hesitate to pick up the phone.

Warm regards,

Peter, Greg & Wade

"The team were extremely efficient in assisting me to get to the outcome that I wanted. They were able to take the pressure off me and only bother me with the big issues. An absolute pleasure to work with."

Real estate agents’ key role in vacant possession and smooth settlements

Wade Hansen By Wade Hansen
The requirement for the vendor to provide vacant possession can seem like no big deal โ€“ until things go wrong on settlement day. Property Partner, Wade Hansen highlights how things can go wrong and what you can do as an agent to smooth the process...

Selling residential property from a deceased estate

Mimi Lewell By Mimi Lewell
There are several stages that need to be completed before property belonging to a deceased estate can be sold or transferred. Estate administrator, Mimi Lewell outlines the process and what to consider...

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"All information in this newsletter is to the best of the authors’ knowledge true and accurate. No liability is assumed by the authors, or publishers, for any losses suffered by any person relying directly or indirectly upon this newsletter. It is recommended that clients should consult a senior representative of the firm before acting upon this information."

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