Vendors should accept a Deposit Bond in lieu of a cash deposit. However, most Standard Contracts for Sale require a cash deposit to be paid.
Therefore, before you agree to purchase a property check with the vendor that they will accept a Deposit Bond. You should also ensure that your solicitor or legal representative inserts the relevant clauses into the Contract for Sale to enable the Deposit Bond to replace the cash deposit.W
Jan Vincent
Montrose, VICTORIA
Shannon Oatley
Director & Licensed Conveyancer
Property Conveyancing Group, VICTORIA
Don & Christine Perrett
Leongatha, VICTORIA
Paul & Barb Spark
Somerville VICTORIA