SELLING THE PROPERTY Clause Samples
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SELLING THE PROPERTY. 10.1 If the Member wishes to sell the Member Share it must first submit a Property Sale Request to the Credit Union. The Member agrees not to advertise the Property for sale until the Credit Union has approved the Property Sale Request. The Property Sale Request must indicate whether the Member intends to sell the Property on the open market or to a related party.
10.2 Within 5 Working Days of receiving the Property Sale Request, the Credit Union will notify the Member and either advise that information is missing/insufficient or, whether the Property Sale Request includes all required information.
10.3 If the Property Sale Request includes all required information, the Credit Union will confirm whether a Valuation is required and, if so, what form of Valuation will be acceptable to it.
10.4 If required to do so, the Member shall arrange for a Valuer to prepare a Market Valuation of the Property addressed to both the Credit Union and the Member, at the Member’s expense.
10.5 The Member will submit the Valuation to the Credit Union that is no older than two months from the date of submitting the Property Sale Request.
10.6 The Credit Union will approve the Property Sale Request if:
(a) The Member has occupied the Property for more than three years or such lesser period as agreed by the Credit Union in writing; and
(b) the Member proposes to sell the Property at or above its Market Value.
10.7 If the Credit Union approves a Property Sale Request, it:
(a) will provide the Member an approved Property Sale Request signed by the Credit Union;
(b) may provide the Member detailed instructions on the sale process that the Member agrees to follow, which may include:
(i) any terms the Credit Union require be included in the Real Estate Agent’s listing contract;
(ii) the form of contract that the Member agrees to use to sell the Property.
SELLING THE PROPERTY. 15.1 If You intend to Sell the Property to somebody else during the term of this contract, You must give Us at least four weeks' notice in writing. In that notice, You must tell Us:
(a) the date of the proposed sale; and
(b) if You intend to re-locate the Solar Equipment to Your new property (in which case clause 15.2 shall apply); or
(c) if You do not intend to re-locate the Solar Equipment to Your new property (in which case clause 15.3 or 15.4 (as applicable) shall apply).
15.2 If You have told Us, in accordance with clause 15.1(b), that You intend to re-locate the Solar Equipment to Your new property:
(a) You may only do so with Our prior written consent and if the property would have been an eligible property for the purposes of the Competition; and
(b) such relocation will be at Your sole cost and expense. If the property is not eligible, then You cannot re-locate the Solar Equipment to the new property, and either of clause 15.3 or 15.4 will apply.
15.3 If You have told Us, in accordance with clause 15.1(c), that You do not intend to re-locate the Solar Equipment to Your new property, You may transfer the ongoing use of the Solar Equipment to the owner, or new owner, of the Property, subject to:
(a) Us giving Our prior written consent to such transfer; and
(b) You and the proposed transferee signing and returning to Us the assignment/novation documentation (to be prepared by Us on Our standard terms).
15.4 If You have told Us, in accordance with clause 15.1(c), that You do not intend to re-locate the Solar Equipment to Your new property, and the owner, or new owner, of the Property does not wish to continue to use the Solar Equipment, does not agree to the terms of this contract, or We do not give Our written consent to the transfer under clause 15.3(a), then We will remove the Solar Equipment from the Property, and can, in addition to Our other rights, end this contract immediately on notice to You and clause 16 will apply.
15.5 You agree not to Sell the Property until:
(a) You have provided Us with the notice required by clause 15.1; and (if applicable)
(b) You have provided Us with the assignment/novation documents signed by You and the proposed transferee on Our standard form under clause 15.3.
SELLING THE PROPERTY. If the Landlord decides to use its right of option to acquire the property and later decides to sell the property, the Landlord grants to the Tenant the right of first refusal to purchase the property at a price agreed upon with a third party.
SELLING THE PROPERTY. If the Property is sold within six (6) months after the commencement of this Agreement, unless otherwise agreed upon by both parties, Owner agrees to pay Agent an administrative fee of $250. Owner agrees to provide Agent proof from a title company that the Property is sold in any event.
35.1 Agent reserves the right to terminate Management Services immediately if the home is going to be listed for sale or sold during an Occupant’s tenancy.
SELLING THE PROPERTY. What to do if you want to sell the Property
(a) If you want to sell the Property before buying our full Share, you agree to give us a Property Sale Request.
(b) We will provide you with the Property Sale Request form if you ask us for it and/or publish it on our website.
(c) Your Property Sale Request needs to:
(i) attach a Valuation that is no older than three months from the date of the Property Sale Request; and
(ii) include all the information required by the Property Sale Request form.
(d) Within 5 Working Days of receiving your Property Sale Request, we will tell you whether:
(i) we have decided to buy your Share; or
(ii) we have approved your Property Sale Request. We can choose to require reasonable conditions with our approval.
(e) We may not approve your Property Sale Request if you have occupied the Property for less than 3 years. In this situation, we will have regard to any exceptional circumstances that are affecting you or the Property before deciding whether to approve a Property Sale Request.
(f) We can choose to buy your Share instead of you selling the Property on the open market.
(g) If we decide to buy your Share:
(i) the purchase price for your Share will be your share of the Market Value of the Property; and
(ii) we will give you your approved Property Sale Request signed by us. You will need to engage a solicitor to assist you in registering the Share transfer on the record of title to the Property.
(h) If we decide not to buy your Share and we approve your Property Sale Request, within 5 Working Days of our approval, we will:
(i) give you your approved Property Sale Request signed by us;
(ii) provide you with guidance on the marketing and sale process which may include guidance on working with the Real Estate Agent; and
(iii) give you detailed instructions on the sale process that you agree to follow, which will include (where relevant):
(A) any terms we need to be included in the Real Estate Agent’s listing contract;
(B) the form of contract that you agree to use to sell the Property; and
(C) requirements that you:
(I) give us a copy of the offer you want to accept and a summary (which includes the proposed purchase price, conditions and any other material and/or non-standard terms) of the other offers you have received to purchase the Property before you accept or reject any offer;
(II) if we require you to, give us an updated Valuation if the Property has not sold within a reasonable time after it is first advertised for sale; a...
SELLING THE PROPERTY. If Owner chooses to, Manager can list the property for sale at a brokerage fee of 5%. Manager will discount the sale listing fee by the annual management fee collected, however, not to go below 4%. Owner reserves the right to list with any brokerage of their choice.