The new version of the almost invariably used standard form is almost upon us. the words “and/or nominee”, are added after the space left for the insertion of the name of the purchaser.
Sale And Purchase Agreement Ninth Edition 2012
the panel headed “POSSESSION”, which provided for the insertion of the possession date, has been deleted. This is because in almost all cases the possession date and the settlement date are the same. a new condition is added, which makes the agreement conditional upon the purchaser obtaining a building report on the condition of the buildings and other improvements on the property that is satisfactory to the purchaser, on an objective basis. settlement by way of remote settlement is now compulsory, except in the limited circumstances permitted by the PLS Guidelines, in which case personal delivery of a bank cheque is acceptable.