VIC Conditional vs Unconditional Offers

Discussion in 'Property Law Forum' started by Michaeleeee, 13 June 2017.

  1. Michaeleeee

    Michaeleeee Member

    Joined:
    13 June 2017
    Messages:
    2
    Likes Received:
    0
    Hi guys, we just sold an off the plan townhouse to a buyer subject to two conditions.

    1) Get final endorsed plans from Council by 31 July ( meaning no endorsed plans, no sale)
    2) Makes changes to the layout during construction phase.

    My agent and conveyancer are giving me different answers so i thought i should ask here too. My question is, let's say we can't get the endorsed plans by 31st July, i assume we will need to refund the full 10% deposit PLUS agent's commission if the buyer pulls out. Am i correct? My conveyancer said we do no need to pay the commission as there is no sale, my agent claims otherwise.

    Thanks.
     
  2. Rod

    Rod Lawyer
    LawTap Verified

    Joined:
    27 May 2014
    Messages:
    6,056
    Likes Received:
    846
    Either of you could be right. You need to look at the agreement you have with the agent.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  3. Michaeleeee

    Michaeleeee Member

    Joined:
    13 June 2017
    Messages:
    2
    Likes Received:
    0
    Hmm it's just a standard REIV contract. That's why I am a bit confused. Thanks.
     
  4. Rob Legat - SBPL

    LawTap Verified

    Joined:
    16 February 2017
    Messages:
    1,732
    Likes Received:
    363
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
Loading...

Share This Page

Loading...
gt;