Recorded Webinar: Failing to Complete: Advising the Client When Property Settlement Goes Off the Rails (NSW)

In a contracting market, an increasing number of settlements are failing to complete. This practical session examines how to advise a vendor and purchaser when settlement falls through and the obligations that arise for each party. It covers:

• Purchaser’s ability to rescind – breach of terms, warranties and misrepresentation

• Can a purchaser avoid settlement for failure to complete minor repairs?

• In what circumstances will the vendor or purchaser have rights to damages?

• What happens to the deposit?

• Relief against forfeiture issues

• Issuing notices to complete – tips and traps to avoid

• Specific performance and the balance of convenience

• Managing claims of repudiation

• Case update