Consumer News

By Tim McKibbin – REINSW CEO

Selling a property is a complicated process. There are many obligations to satisfy, including the obligation of providing the purchaser vacant possession, which isn’t as simple as it sounds.

Vacant possession is a legal term which means the vendor must provide the property to the purchaser free of any item that was not contracted to be there.

However, this is very subjective, and depends on the circumstances and the terms of the contract in each case.

One of the more common problems is the issue of rubbish, which must be removed from the property prior to settlement. The problem is one person's view of rubbish can be different from another's.

This is why the vendor and purchaser should be specific about which items are staying or going.  You might be very pleased you did.