This document is provided by the Vendor’s lawyer which may apportion the deposit, local and regional council rates, body corporate levies and any rent to show the balance the Purchaser needs to pay on the Settlement Day to become the Registered Owner of the Property. Be careful that you have factored in to your budget that you may need to pay your share of the local and regional council rates, body corporate fees etc.
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.