Congratulations! The settlement of your property is a big achievement, and it’s time to move on! How soon you need to vacate the property depends on the terms of your contract or, as it’s generally known, the Offer & Acceptance (O&A) and General Conditions. Read more...
The specific terms of the Contract may always override the General Conditions. For example:
If the property is rented under a periodic tenancy agreement and the contract provides for vacant possession at settlement, the seller must give the tenant a minimum of 30 days notice to move out on a Notice of Termination (Form 1C) in accordance with the Residential Tenancies Act 1987.
If the seller fails to deliver vacant possession by the agreed possession date, the buyer should seek legal advice. This is where having Flat Rate Settlements handling your settlement is reassuring. As qualified legal representatives, the Flat Rate Settlements team is highly experienced in transferring property and well-equipped to deal with any problems, should they arise.