Badly Worded Conditions
When not written correctly, conditions are a Settlement Agent’s worst nightmare. Here are some handy hints on writing special conditions to make sure it answers the following questions:
- What is the condition about? Be specific.
- When does the condition need to be met?
- Who needs to arrange for it to be done and who pays?
- If the condition is not met to the satisfaction of the buyer, what are the consequences?
To avoid any complications, all clauses must state these simple steps when writing a special condition on a contract:
- What is the clause for? i.e., White Ant Certificate, Building Report, etc.
- Who pays for the inspection or service (if required)?
- When does the condition need to be met?
- If the condition is not met, what are the consequences?