Property Settlement Adjustments Explained: Rates, Water, Strata and Land Tax
What Is a Settlement Adjustment? A settlement adjustment is a financial calculation made at the time of property settlement to fairly divide ongoing property costs between the seller (vendor) and the buyer (purchaser) based on the settlement date. Adjustments ensure that the seller (vendor) is not paying for costs that relate to the period after […]
Can I Add My Own Special Conditions to a Property Contract? Here Is What Buyers and Sellers Need to Know
You are about to sign a property contract and someone mentions “special conditions.” Maybe your agent asks if you want to add any. Maybe you have heard the term but are not entirely sure what it actually means or whether you are even allowed to add your own. Here is the honest answer, for both […]