New editions of the Contract for Houses and Residential Land (17th ed.) and Contract for Residential Lots in a Community Title Scheme (13th ed.) were released on 20 January 2022.
Significant changes include:
Details of all the changes are in the Proctor article New REIQ residential contracts due 20 January.
To accommodate these changes Smokeball's dedicated Legal Product team has completed updating the Lexon Insurance Conveyancing Protocol packs in the Smokeball Precedent library.
Smokeball maintains its reputation for maintaining the most up-to-date and timely legal forms and precedents all year round. If you have any questions regarding the above changes, please reach out to our friendly client support team on 1300 33 55 53, support@smokeball.com.au.
Significant changes include:
- The ability of either party to obtain a short extension to settlement if the party is unable to settle due to the inaction or delay of a financier or for any other reason.
- New smoke alarm clause 7.8 responds to changes to smoke alarm regulations on 1 January 2022.
- Amendments to the Pool Compliance Certificate obligations. A seller is required to hand over a Pool Compliance Certificate for a non-shared pool on the land at settlement. The only exception to this obligation is if a Notice of No Pool Safety Certificate is given to the buyer prior to contract
Details of all the changes are in the Proctor article New REIQ residential contracts due 20 January.
To accommodate these changes Smokeball's dedicated Legal Product team has completed updating the Lexon Insurance Conveyancing Protocol packs in the Smokeball Precedent library.
Smokeball maintains its reputation for maintaining the most up-to-date and timely legal forms and precedents all year round. If you have any questions regarding the above changes, please reach out to our friendly client support team on 1300 33 55 53, support@smokeball.com.au.