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After settlement

Settlement is the date on which the property is transferred, and payment is made to the vendor to complete the sale. All mortgages supporting any money borrowed to pay for the property are registered and the keys are handed to the purchaser, who then becomes the registered proprietor.

After the settlement date there should not have to be any further dealings between the vendor and purchaser. However, for a number of reasons there may be problems.

After settlement  :  Last Revised: Wed Dec 18th 2013
The content of the Law Handbook is made available as a public service for information purposes only and should not be relied upon as a substitute for legal advice. See Disclaimer for details. For free and confidential legal advice in South Australia call 1300 366 424.