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What arrangements should be made by the buyer before settlement?

FAQs

What arrangements should be made by the buyer before settlement?

As the buyer you should deal with the following before the settlement date, where they apply:

  • arrange for the real estate agent to give you the keys on the date of possession;
  • insure the property from the date of possession or the settlement date, whichever is earlier;
  • have the electricity and any gas service transferred into your name from the date of possession, as these are not apportioned at settlement;
  • arrange your telephone, internet and any other telecommunications services; and
  • do your inspection in the five business days before you take possession, which is the one inspection the contract gives you.

See What to do before settlement: a buyer’s checklist and Your pre-settlement inspection is important.

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