Browse Forums Building A New House Re: Land Agreement 9Jun 21, 2010 1:12 pm We had a solicitor go through ours. He pointed out that one section mentioned section blah of some law somewhere, and explained it meant we had to build a water tank. He also pointed out other things like the risk we were taking on by buying land without a soil test. But the real value was at settlement - the bank screwed up by not authorizing their settlement agent to actually complete the settlement, and the agent screwed up by not informing us of this until the day before settlement! The solicitor got the bank to send their own people in to settle, and as a result we got the $3,000 early settlement bonus, which was at risk if we didn't settle on that day. So he didn't just look through the contract, he also made sure that settlement happened on time. Metricon Riva 33 - http://herlihy-riva.blogspot.com Site start 15/03/2010 - Handover 23/12/2010 9 months and 8 days (284 calendar days) from site start to handover In NSW the maximum deposit for building work is 5% until the builder provides HBCF insurance 1 4821 Hi All, We signed a prelim agreement last year (May 2022) and paid deposit to a builder. However, we didn't go ahead with them and never signed a contract. We ended going… 0 2308 You need to respond to the Builder within 10 business day advising of your rejection of claim as per SoPA on a payment Schedule, Do not miss this deadline. 3 7283 |