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SETTLEMENT At the expiration of: -<br />

(a)<br />

(b)<br />

14 days from the date on which<br />

the Vendor’s solicitor notifies the<br />

Purchaser or their solicitor that the<br />

Plan of Subdivision has registered<br />

at Land Victoria; or<br />

14 days from the date of issue of<br />

the Occupancy Permit<br />

Whichever is later.<br />

At settlement the purchaser is entitled to<br />

vacant possession of the property unless<br />

the word ‘subject to lease’ appear here:<br />

If ‘subject to lease’ then particulars of the<br />

lease are:<br />

NOT<br />

APPLICABLE<br />

NOT<br />

APPLICABLE<br />

TERMS CONTRACT<br />

ENCUMBRANCES<br />

If this contract is intended to be a terms<br />

contract within the meaning of the Sale of<br />

Land Act 1962 then add the words “terms<br />

contract” here:<br />

and refer to General Condition 23 and<br />

add any further provisions by way of<br />

Special Conditions.<br />

This sale is NOT subject to an existing<br />

mortgage unless the words ‘subject to<br />

existing mortgage’ appear here:<br />

NOT<br />

APPLICABLE<br />

NOT<br />

APPLICABLE<br />

If the sale is ‘subject to existing mortgage’<br />

then full particulars of the mortgage are:<br />

SPECIAL CONDITIONS<br />

LOAN<br />

(refer to General Condition 14)<br />

This contract does not include any special<br />

conditions unless the words ‘special<br />

conditions’ appear here:<br />

The following details apply if this contract is<br />

subject to a loan being approved:<br />

SPECIAL<br />

CONDITIONS<br />

Lender:<br />

………………………………<br />

Loan amount: ………………………………<br />

Approval date: …….. / …………… / 20......<br />

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