Sydney water comments on property contract ?

Discussion in 'What to buy' started by Tekoz, 22nd Aug, 2016.

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Regarding this property $100k below market value / median price:

  1. Stay / walk away - No good

    2 vote(s)
    66.7%

  2. Buy straight away - Too good to be true

    0 vote(s)
    0.0%

  3. Buy it first and then Pay someone in Sydney Water to issue proper certificate

    1 vote(s)
    33.3%
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  1. Scott No Mates

    Scott No Mates Well-Known Member

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    Linky and have a read of S109c.

    No Certificate of Occupancy = expensive mistake.
     
    Scott No Mates, 22nd Aug, 2016
    #21
  2. Tekoz

    Tekoz Well-Known Member

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    @Scott thanks for the links mate.
    So does the existing property contract must include the certificate of occupancy ?

    Is there any way to check that before buying the property ?
     
    Tekoz, 22nd Aug, 2016
    #22
  3. Scott No Mates

    Scott No Mates Well-Known Member

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    It's not a requirement of the contract but usually a requisition by the solicitor (which can be refused by the vendor if they don't want to comply). @Terry_w "requisition"
     
    Scott No Mates, 22nd Aug, 2016
    #23
    Tekoz likes this.
  4. Tekoz

    Tekoz Well-Known Member

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    Ah I see,

    So in this case, I will have to go to unconditional contract first and then ask my Solicitor to request it from the vendor's solicitor.
     
    Tekoz, 22nd Aug, 2016
    #24
  5. dabbler

    dabbler Well-Known Member

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    Ask the council, call Sydney water, then it will crystalise.

    Up to you if you go unconditional first, I would not :)
     
    dabbler, 22nd Aug, 2016
    #25
    Tekoz and larrylarry like this.
  6. Tekoz

    Tekoz Well-Known Member

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    For some reason, Sydney water told me to log this case to Fair Trading ?

    Does anyone know if I'm on the right track by reporting this issue to Fair Trading or to the local Council ?
     
    Tekoz, 24th Aug, 2016
    #26
  7. dabbler

    dabbler Well-Known Member

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    Did you tell Sydney water your thinking of buying and what is the problem ?

    Ask the council if they know of any issues and if it is all passed and occupancy certificate issued.

    If your not in a position to buy & seriously considering it, I would not waste either parties time. If they sense your tyre kicking they won't do much either.
     
    dabbler, 24th Aug, 2016
    #27
    Tekoz likes this.
  8. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Prob best not to report to fair trading at this stage. Why did they say that?
     
    Terry_w, 24th Aug, 2016
    #28
  9. bob shovel

    bob shovel Well-Known Member

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    Aw come on bro!
    .....

    Call fair trading and ask wtf does this mean on the plan
     
    bob shovel, 24th Aug, 2016
    #29
  10. hash_investor

    hash_investor Well-Known Member

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    Come on. He is the biggest hype master on PC :D. He is trying to sell this property :cool:
     
    hash_investor, 24th Aug, 2016
    #30
  11. dabbler

    dabbler Well-Known Member

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    On commission you reckon.

    if they have done what I think they have it is land minus demo costs + a bit more :)
     
    dabbler, 24th Aug, 2016
    #31
    hash_investor likes this.
  12. Tekoz

    Tekoz Well-Known Member

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    @hash_investor No mate, this time I'm planning to buy for myself not selling anything :cool:
     
    Tekoz, 25th Aug, 2016
    #32
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