This clause sets out in some detail all the various rights and obligations when a purchaser cannot meet the terms of the contract. It is very risky to sign an unconditional contract when there are matters that have not been properly addressed, given the risks of losing the deposit or even being sued for losses suffered if the property cannot be re-sold at the same price.
Seek the advice of a lawyer or conveyancer before signing an unconditional contract to ensure that you understand all the risks associated with the failure to complete a contract.
We embrace diversity and welcome all people, irrespective of culture, faith, sexual orientation and gender identity.
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Legal Services acknowledges Aboriginal people as the Traditional Owners and ongoing occupants of the lands and waters in South Australia and we respect their spiritual, cultural and heritage beliefs. We recognise their continuing connection to land, water and community and pay our deep respect to Elders past and present.
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