Anonymised property matter
Termination claim after exchange
- Transaction
- Sale
- Jurisdiction
- NSW
- Focus
- Purchaser termination claim after exchange
Situation
The client’s situation
A vendor received a purchaser notice purporting to terminate after exchange based on an alleged contractual defect. The vendor wanted to reject the notice immediately and remarket.
How Aquarius Lawyers helped
The legal response
We checked the exact contractual right relied on, whether the notice was valid and whether any cure or response period applied. We advised the vendor not to create a second-sale problem until the first contract’s status was clear.
Documented outcome
The documented outcome
The parties resolved the termination issue on a documented basis, allowing the vendor to move forward without exposing itself to competing contractual claims.
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