Practitioners are also reminded that the Neighbourhood Disputes Resolution Act 2011 will commence on 1 November 2011. The Act requires a party to provide a buyer, before the contract is signed, a copy of an application or order subject to the Act. This requirement will be included in the new editions of the REIQ Contracts.
General public information is available at neighbourhooddisputes.qld.gov.au.
Parties, including agents, to property sale should turn their minds to meet this new obligation when reducing their agreement to writing.
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