delay and difficulty to settle on time due to covid lockdown (vic)

can anyone advise if there is anything that can assist in delaying the settlement as result of the lockdown and issues causes in the industry? thanks

 

Is there anything in the contract?

In Perth most people are including an annexure to the contract which gives extra leeway due to Covid19

 

is there any thing happening in Victoria?

 

Not that I know of. Have you sought legal advice?

 

legal advice on?

 

Is this a theoretical question or do you actually have a contract afoot?

 

the question is

can anyone advise if there is anything that can assist in delaying the settlement as result of the lockdown and issues its caused in the industry? thanks

 

I answered the question above.

 

If you could give more information @rob9999 some suggestions might be made

- are you the seller or the buyer?
- why do you want to delay ?
- or is the other party wishing to delay?
- why do you feel that you need to delay?
- has finance taken longer perhaps?
- have you been unable to achieve vacant possession as you can't get a tenant to leave during lockdown
- have you been unable to find another place to live?
- have you sought advice from your lawyer and what did they say?
- have you asked for an extension and it's been denied?

 

Yes. A solicitor can advise

 

delays with securing finance as result from issues related to lockdowns

valuation and finical criteria changes

 

@Westminster went to the trouble of a detailed response with various questions

@rob9999 you barely replied and failed miserably to provide context for anyone to formulate an appropriate response

Any answer anyone tries to provide will therefore result in more questions because your circumstances don't align with the reply, and it's very likely that any actions you end up taking could be wrong

Read the contract, all your answers are in that document

If you still have questions pay for legal advise as @Terry suggested

We tried to help, but you need to help yourself first

 

its a pretty simple... basic , general question. that does not require any more information.

if there is anything that can assist in delaying the settlement as result of the lockdown and issues causes in the industry? thanks

"anything" some ideas...

the first reply was an example of one thing that may be an option. if you dont have a helpful response... dont comment.

 

IF it is so SIMPLE & BASIC why do you need to ask ?

It has been answered several times already

As you noted @rob9999 in @Westminster first post

If you are looking for excuses to delay settlement the only one's you will have available will be in your contract !

The quickest way to delay/cancel settlement is if you were unable to settle due to death !

As you signed the contract without reading it or seeking legal advice it is all on YOU


I choose to comment as this is a public forum

You chose to post an open ended question and then not reply to specific questions posed by people trying to assist you for FREE out of the goodness of their hearts

The forum is a two way street, people ask for an opinion and others reply, at some point it is hoped that those whom have been helped contribute to the forum community by replying

Should you need some endless useless info Google it or spend a few days on Facebook instead

You can lead a horse to water

 

Yes there is

 

Op’s posting history is telling.

 

really helpful bunch....

 

Clearly there is only the one appropriate answer then

Or you could "try" negotiating with the other party

Unless you can find something else in the contract

(You do understand that is why once signed a contract is "binding" so either party can't get out of it without financial compensation to the other party ).
(You could ask for a settlement extension, but will have to pay for it as detailed in the contract).
(Or you could renege on the exchange, but will be up for considerable costs in compensation as detailed in the contract).
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Do you get it yet @rob9999 ? PS, it's in the contract

 

What does your solicitor say?

 

I'm guessing it's a question that he's been asked as part of his studies & was hoping we'd answer it for him.