jcls79Member@jcls79Join Date: 2004Post Count: 88
I am purchasing a 2 bedroom unit in Beenleigh QLD and in my written offer, there is a subject to clause which says the offer is subject to:
“vendor presenting with all rental agreement to my satisfaction”
The vendor accepted my offer but now the agent is saying that they won’t release the reatal agreements until the contract becomes unconditional…
what the….? has anybody have similar experience, any help is much appreciated.
Want to join financial independence before 31 years old, currently 25debtdoggMember@debtdoggJoin Date: 2004Post Count: 136
For starters you hold the aces. The contract does not become unconditional until this condition is satified. it is pretty broad clause though because it does not say when he has to produce them so provided he does so before settlement he complies.
obviously if you are using a solicitor get him to push them along.
I would make it clear at some point (and well before settlement happens) that if there is any problem with the rental agreement when produced that you will pull the pin. ask the agent “What has the vendor got to hide anyway??!!
Be the boss. Remember unless it is a fantastic deal for you, he probably wants to sell as much as you want to buy.
Good Luck-Hang tough
http://www.kentscollections.comRichard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,018
Out of curiousity are you using a Beenleigh Solicitor?
richard at fhog.com.au
There is no such thing as a problem.
Just a solution waiting to be foundjcls79Member@jcls79Join Date: 2004Post Count: 88
I am using a brisbane based solicitor, PM me if you want his name.
Want to join financial independence before 31 years old, currently 25PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502
I bought two property last week in QLD but RE agent given me all the rental agreement did you ask the REA why they don’t want to give you? Even your lender can ask for that before giving you full approval.
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