Recorded Webinar: Managing Changes between Contract and Settlement in Property Matters (Vic)

Most settlements end as they began, staying largely on track, perhaps with some minor issues here and there. But on occasion there can be a significant change that will severely impact the transaction. This session will examine some of those circumstances and what steps conveyancers need to take to get back on track or head down a different path, including:

• What happens if one of the parties dies before completion?
• Where two parties own the property jointly, how will the death of one impact the sale?
• Can a purchaser be compelled to a complete the contract where time delays may be significant?
• Strategies for negotiating with vendors or purchasers in the event of death
• Loss of capacity due to illness or infirmity – impact on contract of sale and when powers of attorney can save the day
• What happens to a contract and deposit if the vendor or purchaser subsequently declares bankruptcy?
• Drafting special conditions to deal with death and other potential situations, including time extensions in such situations
• The impact of death or incapacity on Client Authorisations
• Tips for proactive steps when acting for elderly or infirm clients
• Doing due diligence on the financial health of your client.