Anonymised property matter
Tenant had not left before settlement
- Transaction
- Sale
- Jurisdiction
- Victoria
- Focus
- Tenanted sale and vacant possession
Situation
The client’s situation
A vendor contracted to sell with vacant possession but the existing tenant’s departure did not occur as expected. Settlement was approaching and the buyer intended to occupy immediately.
How Aquarius Lawyers helped
The legal response
We reviewed the sale contract alongside the tenancy position, coordinated with the property manager and advised the seller on settlement exposure. The buyer was kept informed through legal channels and any proposed change to settlement was documented.
Documented outcome
The documented outcome
The seller avoided simply arriving at settlement unable to deliver the promised possession status.
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