Hi all,
I may have a problem, signed an offer and acceptance on a block of land with all the special conditions noted and initialled by all partie's--ie vendors agent and vendor and purchaser (us)
All finance has been approved, deposits paid and now we are approaching settlement, I have just received a copy of title document from the settlement agents with their expected costs etc., which show an encumbrance is present on the property i.e. a 2.5m water corporation sewerage easement running along the entire rear of the block, this easement or burden if you like on the property was never noted on the offer and acceptance we signed, only now becoming apparent as settlement approaches, what is the procedure to follow with an undisclosed easement by the vendor and his agent, surely the agent must have investigated the title and and any special conditions when listing the land for sale.
Any help would be appreciated from someone who has had any similar experience with this.