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The deposit must be paid to the Deposit Holder as required by the Contract terms which can sometimes be immediately.

In Victoria, the Sale of Land Act 1962 (Act) allows for the early release of a buyer's deposit to the seller before settlement under Section 27. Here’s how it works:

The deposit must be paid to the Deposit Holder as required by the Contract terms which can sometimes be immediately.

A deposit is a part payment of the purchase price payable by the Purchaser when signing the contract.

Why is it important to review the Particulars of Sale of the Contract?

The Particulars of Sale of the Contract contains important details specific to your agreement. It's important to review it carefully to ensure all information is correct and if you notice any inaccuracies, inform relevant parties as soon as possible.

Why is it important to review the Reference Schedule of the Contract?

The Reference Schedule of the Contract contains important details specific to your agreement. It's important to review it carefully to ensure all information is correct and if you notice any inaccuracies, inform relevant parties as soon as possible.