Module 7: Contracts & Due-Diligence – (Audio 27, 53, 47 & 24 mins)
Understanding Property Contracts and Undertaking Due Diligence – (Audio 27 mins, 53 mins, 47 mins, 24 mins)
Contracts are an integral part of property, whether it’s a purchase contract, a build contract, or a property management contract.
When signing a contract the buck stops with you, and you must understand the detail to ensure you are in control of the process and know what you are committing yourself to.
In this module we look at a variety of contract types and their main components, including:
- Purchase Contract
- Sale Contract
- Property Management Contract
- Build Contract
- Option Contract
- Joint Venture Agreement
When purchasing a property and signing a purchase contract, critical to this process is conducting detailed due diligence on the property.
In the second half of this module, the various types of due diligence that should be undertaken is detailed, including to name just a few:
- Illegal building works
- Property Condition
- Asbestos
- Termite Damage
- Building Compliance
- Easements
- Encroachments
- Covenants
- Caveate
- Flooding
- Overland flow
- Bushfire etc etc.
Understanding Property Contracts and Undertaking Due Diligence – (Audio 27 mins, 53 mins, 47 mins, 24 mins)
