Is this dodgy or normal?

Can someone help with this?
This special condition appears on section 32 of a property.

“The purchaser acknowledges that the vendor has appointed XXXX conveyancer as his agent to complete this transaction and for directing the payment of all monies payable pursuant to this contract. The purchaser acknowledges he will not be entitled to request for any further proof of this authority. The vendor may request up to eight (8) bank cheques at settlement in which the purchaser must provide and bare the cost.”

Questions
1. Is this normal? Not that I want to ask for proof of the conveyancer’s authority, but why will they include a clause like that?
2. Why did they ask for so many bank Cheques at settlement ?

 

This special condition appears on section 32 of a property.

“The purchaser acknowledges that the vendor has appointed XXXX conveyancer as his agent to complete this transaction and for directing the payment of all monies payable pursuant to this contract. The purchaser acknowledges he will not be entitled to request for any further proof of this authority. The vendor may request up to eight (8) bank cheques at settlement in which the purchaser must provide and bare the cost.”

Questions
1. Is this normal? Not that I want to ask for proof of the conveyancer’s authority, but why will they include a clause like that?
2. Why did they ask for so many bank Cheques at settlement ?

 

For 2 settlement might mean paying for council rates, water, lenders, etc.

 

Didn't you ask this exact question in another thread?
Question about special condition

Are you using a solicitor or conveyancer for your purchase? You would be best served to run it past them before signing any contract.
Just because it says the vendor MAY ask for UP TO 8 bank cheques at settlement doesn't mean they definitely will request that many.

 

At a guess as @Trainee says above, it looks like they have lots of bills to pay off with the sale proceeds. But it could also be a 'standard' clause that this conveyancer includes on every convenyance they do as a template they don't change from one client to the next. I would not worry about it.

 

Thanks.
Can anyone help with question 1? Why will they negate our right to ask for their authority?

 

The Conveyancer/Solicitor is preparing/issuing the contract - do they require any further authority? The vendor has appointed the solicitor, the agent has been dealing with both parties.

Is the conveyancer also the deposit holder or is there an agent involved (many conveyancers don't have a solicitor's trust fund to hold the deposit).

Is the property a deceased estate - that may also account for several cheques too.

 

Its not normal or dodgy, but you should be asking if there is anything wrong with it or what effect it could have.

 

I think the conveyancer prepared the contract. No solicitor involved. Conveyancer is registered with ASIC. There was a notice of intention by asic for insolvency of this conveyancer few years ago, but it is still operating. Will that be anything to do with that?
There’s an re agent that is going to hold deposit in trust account.
I will have my solicitor scrutinizing the contract but he’s out of town.
It is not disclosed as deceased estate

 

There is no registration of conveyancers with ASIC!
You probably talking about a registration of the company.

 

Sounds like an outdated contract template. Almost every property settlement is done electronically through PEXA now, no bank cheques.