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At Settlement, what property issues must I accept?

The standard contract provides that you accept the property:

What warranties am I giving as a seller?

You warrant that you are the registered owner, capable of completing the sale, and that there are no undisclosed legal issues affecting the property, such as enforcement notices or pending claims.

Local Law 17 in the Gold Coast City Council area imposes specific obligations on Sellers of waterfront properties or those with certain structures like revetment walls, jetties, or pontoons. If your property falls within these categories, you must ensure that the Contract includes required disclosures before a Buyer becomes bound. This law aims to inform Buyers of their ongoing maintenance responsibilities related to these structures. While failing to include the necessary disclosures doesn’t give Buyers the right to terminate the Contract, it could result in fines for the Seller. It’s crucial for Buyers to conduct thorough due diligence, including consulting with the Gold Coast City Council or professionals, to understand any potential maintenance obligations and associated costs.