An Agreement may be Conditional on a party being satisfied with its conditions by a specified date. Common Conditions in an Agreement are:
• The Purchaser obtaining finance
• The Purchaser completing due diligence
• The Vendor entering into another unconditional Agreement to buy another Property
• The Purchaser being satisfied with the Building Inspection. Once these Conditions are satisfied, the Agreement is known as an Unconditional Agreement.
Talk it through
Not sure how this applies to you?
A free 15-minute call with a property lawyer who only works with first home buyers.