Australia's #1 for Law

Join 11,000+ Australians. Ask a question, respond to a question and better understand the law today!

VIC Signed Contract of Sale but No Title - Break Contract?

Discussion in 'Property Law Forum' started by KIMEW, 31 August 2016.

  1. KIMEW

    KIMEW Member

    Joined:
    31 August 2016
    Messages:
    1
    Likes Received:
    0
    My partner and I have split up. We have signed a land contract of sale and paid deposit of $10000.

    Due to the split, neither of us can afford to buy the land on our own. The land is not titled yet. Would we be able to break the contract and lose our deposit with no further legal action taken against us?

    Thank you in advance
     
  2. Rod

    Rod Well-Known Member

    Joined:
    27 May 2014
    Messages:
    2,413
    Likes Received:
    312
    Maybe. Depends on the terms of the sale agreement. Check your agreement.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  3. Sophea

    Sophea Well-Known Member

    Joined:
    16 April 2014
    Messages:
    2,349
    Likes Received:
    342
    Was the contract subject to finance or anything? Or is it now unconditional?
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...

Share This Page

Loading...