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Common use of Seller’s Statement Clause in Contracts

Seller’s Statement. (1) Within a reasonable time after written request by the Buyer, the Seller must give the Buyer: (a) a statement of Outgoings which cannot be discovered by search; and (b) a notice under section 262A(4AH) of ITAA (if applicable to the Property). (2) The Seller must update the statement if the Seller becomes aware that it has become inaccurate in a material respect. (3) The Seller warrants that the statement and notice will be accurate at the Settlement Date.

Appears in 4 contracts

Samples: Contract for Commercial Land and Buildings, Contract for Commercial Lots in a Community Titles Scheme, Contract for Commercial Land and Buildings