Episode notes
In this episode, Renae is joined by Kim from QC Law for an eye-opening conversation about the legal side of property purchases and the costly mistakes that can derail your settlement. Kim delves into critical topics including sunset and sunrise clauses in off-the-plan contracts, explaining the new laws that protect land buyers in Queensland and why unit buyers still need to be cautious. She provides invaluable insights into contract terms that could leave you waiting up to five and a half years for your property to settle—or worse, see your contract terminated without your consent.
Kim shares a jaw-dropping story about clients who spent their $150,000 deposit on a boat just weeks before settlement, resulting in the loss of their $100,000 deposit and potential legal action for damages. This cautionary tale highlights the importance of unders ...