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VIC Property Law - How Long Can Deposit be Held?

Discussion in 'Property Law Forum' started by Michael Halpin, 2 December 2015.

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  1. Michael Halpin

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    Hi, can someone tell me how long a deposit can be held after the sale of a house under Property Law?
     
  2. Rod

    Rod Well-Known Member

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    I assume you mean you've bought/sold a house and paid a deposit but settlement has not yet been finalised.

    28 days, BUT there are few things that can stop this from happening. Best talk to your conveyancer/solicitor about the various BUTs.
     
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  3. Michael Halpin

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    Ok, thank you

    It's all good now. The new owners' lawyer was trying to stop it. But he can't,so he is releasing the deposit in a couple of days.
     
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