The purchasers of a property are legally entitled to one pre-settlement inspection before settlement date. The purpose of this inspection is to “examine the property, chattels, and fixtures which are included in the sale.” If any problems are found, and remedial work or compensation is required, the purchaser’s lawyer should request this before settlement day.
As a seller, how can you make sure that no issues arise at this time?
The purchaser will be checking to ensure that no damage has been done and will check that the property and all chattels are in the same condition as at the date of signing the contract.
The purchaser may be legally entitled to withhold some money on settlement day if they feel that the property and all chattels are not in the same condition as at the date of signing the contract.