Precedent set – Vendor recovers deficiency in sale price on the resale of their property!

While the current Contract for sale of Land clearly sets out the rights of a Vendor when a Purchaser defaults (unable to settle), we now have a case which supports it {Kelly v Galafassi & Anor [2013] NSWSC680} This Article…

Is your swimming pool compliant? New laws kick in from 29 April 2014!

If you are thinking of selling your property and you have a Swimming Pool or a Swim Spa/Spa Pool you need to read this: Is your Swimming Pool or Swim Spa/Spa Pool registered on the Swimming Pool Register? For the…

What is Title Insurance?

Did you know … Title Insurance is something you should consider NOW as part of your purchase transaction … EVEN BEFORE EXCHANGING CONTRACTS? What is Title Insurance? Title insurance is an insurance policy which can cover you for costs arising…

Purchaser sued for deficiency in resale price – a real case to follow!

Toni Colette sued over deficiency in resale price Did you know the standard Conveyancing Contract allows a Vendor client to sue a Purchaser following default of the Contract and recover any deficiency in the purchase price on resale? This will…