A contract becomes unconditional when all the conditions of the contract have been met. This means that finance has been approved and all other conditions on the contract, such as building or termite inspection reports have been completed.
This is a key milestone in the settlement process. Once the contract is unconditional, you’re well on your way to completing settlement.
Flat Rate Settlements is a service of lawyers Birman & Ride.
We’re a Perth city-based law firm with a mission – to serve the community by making legal services accessible to as many people and businesses as possible.
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Our plain-English guide Buy your dream home without the drama has practical advice to help you complete the purchase of your new home.