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What is the Joint Form of General Conditions ?
A joint form of general conditions is a document that sets out the terms and conditions for the sale of land between the buyer and the seller. It is jointly adopted by The Law Society of Western Australia and The Real Estate Institute of Western Australia. The joint form of general conditions for the sale of land clarifies the property, settlement, and the timeline between the contract date and settlement of the property. It also covers issues such as deposit, encumbrances, requisitions, insurance, risk, default, and dispute resolution
What is a Pre-settlement Inspection ?
A pre-settlement inspection (or final inspection as it’s sometimes known) is an inspection that arises out of Clause 5 of the Joint Form of General Conditions (JFGC), which gives the buyer the right to inspect the property to ensure the seller has complied with their obligations under the contract.