Same Day Interstate Property Settlement
Our client is a developer who found an interstate development’s site and wanted to exchange and settle on the property at the same day as our client did not want to lose the deal.
We successfully managed to negotiate amendments to the contract for sale, exchange and settle the matter at the same day despite the fact that all the parties were in different locations and States. Our client did not expect to secure the property as other buyers were interested in purchasing the property, but with our committed and experienced team, we succeeded to exchange and settle the matter at the same day. This outstanding outcome was achieved by using our skills and specialist experience with regards to interstate property laws to reach a satisfactory outcome to our client in a very cost effective way.
Property Contract Dispute: Successfully Terminated Contract of Sale & Gained 10% Deposit Refund
Our clients' purchased an off the plan property in 2016. The contract for sale provided that the plan must be registered by May 2019. The vendor failed to register the plan by May 2019. Our clients’ original solicitor who acted for the conveyance terminated the contract for sale. The vendor disputed the termination and alleged that the plan was registered before the termination was served on the vendor. Our clients did not want to purchase the property and requested a refund of the 10% deposit. Our clients’ original solicitor who acted for them in the conveyance was not able to terminate the contract with the vendor’s solicitor as the vendor insisted that our clients must purchase the property and believed that the termination was invalid.
After committed negotiation, Optimum Lawyers successfully settled the case for our client out of court, avoiding costly court costs.
Our client obtained a full refund of their 10% deposit with all the interest earned on the deposit and to cancel the contract with the vendor. Our client expected to purchase the property with the vendor as the vendor was insisting that the termination was invalid, but with our committed, experienced team, we not only obtained a refund of the full 10% deposit for our clients, but also successfully avoided court to drastically reduce our clients costs. This outstanding outcome was achieved by using our skills and experience to reach a satisfactory outcome to our client in a very cost effective way.