Failing to pay a property deposit on time can lead to the buyer being in default, allowing the seller to terminate the contract, especially in markets with high demand. Buyers should be aware of their deposit obligations and seek legal advice to avoid potential risks.
Sellers
Cyclone Debbie – Houses under Contract
The aftermath of Cyclone Debbie is catastrophic, leaving many devastated and wondering what’s next? What are your rights?
Have you signed a Contract of Sale for the purchase or the sale of a property in the affected region, which is yet to settle?
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