What's happening?
A property contract sets out the terms both parties are bound by once exchanged, including any special conditions, disclosures and timeframes. A review before signing gives you the chance to understand these terms and query anything unclear or concerning.
What could it mean for me?
- Some special conditions can significantly shift risk between parties
- Certain clauses may limit your ability to withdraw or seek remedies
- Disclosure documents may reveal restrictions affecting the property
- Timeframes in the contract can be strict
What are my options?
- Request a written summary of key terms and any concerns
- Ask for specific clauses to be amended before exchange
- Seek clarification on anything unclear before committing
What happens next?
- Send the draft contract to us for review
- We identify and explain key terms and any issues
- Any proposed amendments are raised with the other party
- You decide whether to proceed to exchange
How can MGE Lawyers help?
We review property contracts in plain English, highlighting anything that stands out and explaining what it could mean for you before you commit.