Due Diligence Clause One of those clauses in there in both the contract and the option agreement is the due diligence clause. The due diligence clause is kind of a get out of jail free card. People use it to mean a lot of things, but...
Finance Clause You’ve got to have finance clauses in there that allow you enough time to organise your finance. Finance at the moment is taking a lot longer than it normally does. So you at least want 21 days, preferably 28 if you can get it...
Building and Pest Clause In every other State, bar New South Wales, we have conditional contracts. We put clauses in to make these conditional contracts. There are the normal ones like building and pest, and finance, but how detailed do they have to be or can...
Commercial Buyer’s Risk You should never buy a commercial property unless your solicitor has seen the contract. There’s too much involved. There are GST issues, there are tenancy issues, and there are a lot of things in commercial that do not relate to residential that your...