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risk passes to buyer clause south australia in Australian Capital Territory property contracts

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#1South AustraliaSettlement & ConditionStrong match

Risk Passes to Buyer

Understanding Risk Passes to Buyer in South Australia Property Contracts

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#2Australian Capital TerritorySettlement & ConditionStrong match

Risk Passes to Buyer

Understanding Risk Passes to Buyer in an Australian Capital Territory Property Contract

riskpassestobuyerclause

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#3New South WalesSettlement & ConditionStrong match

Risk Passes to Buyer

Navigating the Risk Passes to Buyer Clause in a New South Wales Property Contract

riskpassestobuyerclause

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#4Western AustraliaSettlement & ConditionStrong match

Risk Passes to Buyer

Navigating "Risk Passes to Buyer": Your Essential Guide to Western Australia REIWA Property Contracts

riskpassestobuyerclause

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#5Northern TerritorySettlement & ConditionStrong match

Risk Passes to Buyer

Understanding the Risk Passes to Buyer Clause in Northern Territory REINT Property Contracts

riskpassestobuyerclause

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#6QueenslandSettlement & ConditionStrong match

Risk Passes to Buyer

Understanding 'Risk Passes to Buyer' in Your Queensland Property Contract: A Critical Guide for Buyers

riskpassestobuyerclause

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#7TasmaniaSettlement & ConditionStrong match

Risk Passes to Buyer

Understanding Risk Passes to Buyer in Tasmania Property Contracts

riskpassestobuyerclause

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#8VictoriaSettlement & ConditionStrong match

Risk Passes to Buyer

Understanding "Risk Passes to Buyer" in Your Victoria Property Contract: Protecting Your Investment

riskpassestobuyerclause

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#9Australian Capital TerritoryDeposit & Default

Buyer's Default

Understanding the Buyer's Default Clause in an Australian Capital Territory Property Contract

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#10South AustraliaDeposit & Default

Buyer's Default

Understanding the Buyer's Default Clause in a South Australia Property Contract

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Search Summary

Found 325 relevant pages. The strongest matches explain what “risk passes to buyer clause south australia” means, where the buyer risk sits, and how the clause plays out in real contracts.

Frequent Risk Signals

• Immediate Insurance Necessity: Under the standard REISA Contract, the buyer's risk begins the moment the contract is formed, meaning you must have a building insurance policy active from the date of signing to avoid total loss.
• Natural Disaster Liability: If a bushfire, storm, or flood damages the property in the weeks leading up to settlement, the buyer is generally still legally required to complete the purchase at the full agreed price.
• Vandalism and Accidental Damage: Should a window be smashed or a pipe burst after the contract date, the financial burden for repairs falls on the buyer, even though the seller still resides in the property.
• Limited Statutory Protection: While the Land and Business (Sale and Conveyancing) Act 1994 provides some cooling-off rights, it does not automatically protect a buyer from property damage that occurs during the settlement period.
• Lender Withdrawal Risk: If the property is significantly damaged and the buyer's risk has already passed, a bank may refuse to fund the loan at settlement, leaving the buyer in breach of contract and liable for the full purchase price.
• Fixed Purchase Price: The REISA Contract typically does not allow for a price reduction or "set-off" if the property’s condition deteriorates, forcing the buyer to claim through their own insurance rather than penalising the seller.